Financial jargon costing Brits £1,000 a month

If you’re baffled by money terms like Compound Interest and Annual Equivalent Rate and clueless what a County Court Judgement means is you’re not alone.

Millions of Brits think mastering financial terms is harder than learning to speak a language – with young adults feeling the pressure most.

The research by Klarna* found a quarter (25%) of adults felt the language used by their banks was complicated to understand.