People believe they were taught too little about money matters at school, a new study has shown. Research from impact investment firm, BlueSphere found more than nine out of ten people (92 per cent) had no idea what national insurance was.
Most also don’t know what Inflation (86 per cent) and APR (72 per cent) means or what ETFs (84 per cent) are. This comes as three quarters of Brits expressed that they don’t feel like they were taught enough at school or university to manage their finances - and over half wish they had more knowledge about savings and investments.
The most important things people wish they’d learnt about include how to invest your pensions, making savings on utility bills, and trading on the stock market. Mark Armstrong, founder of BlueSphere, said: “It’s quite staggering how little people understand about their day-to-day finances.
