The song was ranked at number six among the top 10 "Tracks of the Year" for 1982 by NME.

[2] "Money's Too Tight (to Mention)" was covered by British pop and soul group Simply Red in 1985 as their debut single.

[3] The lyrics concern a person with economic problems, and mention Reaganomics, a set of economic policies implemented by U.S. president Ronald Reagan in order to encourage the growth of the American economy.

The lyrics include the lines "the old man that's over the hill", and "did the earth move for you, Nancy?"

Another pastiche was recorded for Bo Selecta in segments featuring Leigh Francis's impression of Hucknall.