Over three-quarters of Brits are baffled by financial jargon


Originally published at: https://whichinvestmenttrust.com/over-three-quarters-of-brits-are-baffled-by-financial-jargon/

UK adults get most confused by the terms effective annual rate (48%), loan-to-value (47%) and compound interest (35%) Lack of financial understanding is having consequences for their finances Over six million Brits have incurred late fees because they’ve misunderstood information on financial products Over three-quarters (77%) of UK adults say they are confused by financial jargon and this is having consequences for…