Knowledge deficit among consumers
May. 19, 2015
Half of consumers do not understand basic financial concepts such as interest rates and inflation according to a study performed by a group of researchers including Roine Vestman, Visiting Research Fellow at the Swedish House of Finance.
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The Swedish Financial Supervisory Authority (FI) are concerned about the situation. The study will be continued during 2015 and 2016 but some results are already published in a memorandum that can be found on the FI website.