financial jargon

Half of adults claim good understanding of financial jargon

10th October 2024 Consumer Lending | #financial jargon

New research from Pay.UK has reveald a gap between how much people say they understand about money and the reality. The research reveals 78% of UK adults consider themselves financially literate yet 71% of respondents don’t know how a savings account works. Financial literacy alone doesn’t always safeguard individuals from financial difficulties. Among those who…

Seven in ten people feel overwhelmed by financial jargon

23rd March 2022 Consumer Lending | #financial jargon

New research commissioned by the Post Office has found that seven in ten people are left feeling overwhelmed by the amount of jargon used around money and savings. Half admitted they did not understand personal loans, APR (Annual Percentage Rate), interest rates, tax codes, dividends, rebates or the stock market. Whilst just a fifth are…

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financial jargon

Half of adults claim good understanding of financial jargon

Seven in ten people feel overwhelmed by financial jargon

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