We just finalised the results from our Financial Jargon Research survey… And it seems people claim to know more than they actually do when it comes to their finances. The results revealed some interesting misconceptions and misinterpretations in the long-term insurance, short-term insurance, medical aid and banking spheres.

We supplemented our survey with a few street interviews where we quizzed a few friends, colleagues and randoms about financial terms. They had no chance to prepare and the results are evident, there is lots of work to do for the financial industries and consumers alike.

 

Full video and media report to be released 9 October 2014.

 

View the clip below or a better quality version here