Do you understand financial jargon? If you don't, you're not alone!
Research shows that people are losing out because they don't understand financial jargon. Which terms are the most baffling?
Do you understand what 'interest' is? What about 'compound interest'? And could you explain what an ‘annuity” is? I know that the financial industry LOVES using financial jargon. It seems to find it almost impossible to talk about finance without resorting to technical terms. But if you don't understand some basic financial terms, you could miss out.
Women say they'll have to retire four years later than they'd like to and 40% feel worse off than a year ago
Over 40% of women manage money in a relationship and many parents are baffled about children’s savings
Today I’m publishing the first SavvyWoman Women & Money report. It’s designed to be a snapshot of how women feel about their finances – everything from everyday money to investing and retirement. There are some really interesting findings from our research: women feel more gloomy about their finances than men; women reckon they’ll have to retire four years later than they’d like to and women and men are confused about the rules on children’s savings.
Savvy women and money; what you think about it, who manages it and when should you start saving for retirement?
When do you think the ideal age is to start saving for a pension? Do you have financial secrets and are state pensions confusing?
I get lots of press releases about women and money (as you can imagine), looking at how we are saving less than men, saving more than men, aren’t saving enough for our retirement, have financial secrets from our partners and so on. So – as it’s International Women’s Day - I thought I’d write up a snapshot of what I know about SavvyWoman users from the emails, poll results, tweets and comments I’ve received.