Cash Confusion: Study discovers nation is confused by financial products and services
A new report from comparison website Confused.com into what the people of the UK find most confusing has revealed that finance is one of the most baffling aspects of modern life. The study revealed: - 71.9% of people suffer from confusion over how to make money and use it wisely; - Pensions are the most confusing product, with 83.9% of people finding them confusing; - 33.8% of people said they were ‘very’ or ‘totally’ confused by pensions; - 79.1% of people said they found mortgages confusing; - Credit cards were the least confusing product – 40% of people said they were not at all confused