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90 Percent of UK Consumers Struggle with Financial Literacy

90 Percent of UK Consumers Struggle with Financial Literacy

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EuropeFintechNews Roundup
··1 min read

A new survey by Israel-based Bank Leumi’s challenger brand Pepper found 90 percent of UK consumers feel they are undereducated with personal finance; 47 percent say they believe the bank should help them with financial decisions and 24 percent say they have been misled by banks; 72 percent do not invest in stocks or investment funds with 20 percent saying they don’t know how to invest; a number of fintechs in the UK are trying to help consumers make better decisions by providing financial literature or making recommendations based upon spending habits; overall awareness of startups in the space is still low but companies are making headway. Business Insider

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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