In the past year, financial confidence among Brits increased with 41% feeling very confident managing personal finances, up from 32%. Confidence in saving rose to 84%, with 42% feeling very confident. Though 56% still feel uncertain about investing, this figure decreased by six percent. Only 21% feel very confident about retirement planning, but it’s an improvement from 11% the previous year. The study, conducted by Moneybox, reflects a growing engagement and effort among people to understand and manage their finances effectively amid volatility in the economy.
Financial confidence among Brits has grown over the last year, with 41% feeling very confident in managing personal finances, up from 32% last year.
84% of respondents now feel confident about saving, indicating an increase in positive attitudes towards personal finance management despite economic uncertainty.
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