Consumers need more financial education - research

A study of 40-50 year olds concludes 94% of those questioned think more is needed, particularly as 57% say they worry about their own finances at least once a week.That said, almost nine out of 10 recognise it is people’s own responsibility to do something about it. However, the problem may be finance is still seen as too complicated for a person to tackle on their own, suggests NU, as 81% say there are some areas difficult to grasp and half of those questioned admit the complexity of products has put them off dealing with their own financial needs. One of the key issues appears to be...