June 28, 2021, 12:05 am
A survey found 34% of people with high money confidence are putting money into long-term savings or investments (Dominic Lipinski/PA)
More than a third (35%) of people have low or no confidence in their financial abilities, a survey has found.
Financial jargon and complex terminology leave 30% of people finding financial products and services confusing, according to TSB’s money confidence barometer.
People who lack confidence in their finances could be missing out on seeing their money grow, according to the research, based on a survey of more than 5,000 people.
A third (34%) of people with high money confidence are putting money into long-term savings or investments, dropping to 19% of those with no confidence.
TSB recruits Post Office s Emma Springham as chief marketer
Springham has previously worked for Barclays and Allianz.
by Emmet McGonagle
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