The UK is in the midst of a financial knowledge gap, with just 38% of UK adults understanding the term ‘inflation’ according to a study by the Organisation for Economic Cooperation and Development (OECD).
The recent study places the UK behind Estonia, Latvia and 12 other nations in terms of financial literacy. With only 69% carefully considering their purchases, it’s clear that the UK’s lacking financial knowledge is impacting our awareness and understanding of personal finance.…
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