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Daily Mirror
Daily Mirror
Business
Andy Gilpin

Brits won't invest as they don't know what the words mean – so here's a simple guide

Statistics can prove anything – 78% of us Brits know that.

But here's a stat that is actually stopping us prosper. Half of us Brits are being scared away from investing their money as we're being baffled by "complicated" jargon.

In fact despite widespread media coverage 29% don’t even understand the term ‘inflation’. Amazingly six per cent of us have never even heard of the term, according to new research from Lloyds Bank, despite the mystery fella hammering our mortgage rates.

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