Many Brits still 'can't explain basic money matters including overdrafts'

But are confident about their financial management skills

Hannah Godfrey
clock • 2 min read

Most consumers regret financial decisions they made in the past and still struggle to explain basic money matters such as overdrafts, according to research from Aviva.

The pension provider found more than four in 10 (43%) consumers are still negatively impacted by financial mistakes they made in the past. A further two-thirds (64%) said they wished they had managed their finances differently, and almost the same number (63%) said they wish they had learnt more about financial matters when they were younger. The research surveyed 2,166 people across the UK and looked at how a lack of financial knowledge and experience had impacted them. It also asked how consumers learnt about financial issues and whether they felt their financial education had st...

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