Results of the RSC’s 2023 Pay and Reward survey
By 
Emma Pewsey2023-12-13T14:30:00
Financial and mental wellbeing are linked as many chemists feel the effects of the cost-of-living crisis
The results of the Royal Society of Chemistry’s 2023 Pay and Reward survey suggest that a significant proportion of chemists are struggling with rising costs of living. More than a third of respondents are in a worse financial situation than they were one year ago, and half have made financial adjustments such as reducing non-essential spending or using credit cards or overdrafts to pay bills.
For the first time in its 104-year history , this year’s survey also asked questions about the wellbeing of participants. Nearly a third of those who are worse off financially than 12 months ago said their mental wellbeing is negative overall.