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Brits think investing is for the super-rich, poll finds
Brits think investing is for the super-rich, poll finds
Brits think investing is strictly reserved for the super-rich - with 45 per cent not getting involved themselves. A poll of 2,000 adults found 38 per cent associate it with city bankers, while 21 per cent think it’s the domain of older adults. And 47 per cent admit they’re daunted by the prospect of getting started - with four in 10 not having a clue where or how to begin. A third (32 per cent) also didn’t start taking any active interest in their pension until they were 36 or older. Liz Fernando, chief investment officer for Nest pensions, which commissioned the research, said: “Pensions are a great way to invest your money and watch it grow over time, in the background while you work. “It’s evident that there’s a lot of work to do to demystify perceptions surrounding who can enter the world of investment – it really can be for everyone.” The results also found 49 per cent think the general perception of investing being primarily for the wealthy acts as a barrier for other people who would otherwise want to invest. As almost three-quarters (73 per cent) feel these opportunities should be accessible for people from all income levels. Among the three groups which Brits feel are most underrepresented when it comes to investing are the working classes (46 per cent), young people (34 per cent) and ethnic minorities (29 per cent). For nearly eight in 10 (78 per cent), the fear of losing money makes the idea of investment off-putting. While lack of investing knowledge (52 per cent), uncertainty about the economy (51 per cent) and not knowing where to begin (38 per cent) are among the top fears. But 64 per cent believe more people would be likely to invest – if they could see where exactly their money is going. A third would describe their investing knowledge as ‘bad’ - while 53 per cent feel clear and transparent information about investment options would help ease their concerns. Simpler investment platforms or tools would feel most beneficial for 49 per cent of those polled via OnePoll. And when it comes to pensions, profitability is sought-after for 58 per cent. While investing in sustainable businesses is vital for 29 per cent. More than four in 10 (42 per cent) are connected to their pension through an employment plan – while 15 per cent contribute through a private plan. Liz Fernando for Nest pensions added:” We know your pension pot can be one of the most valuable ways to help secure your future retirement, and it’s right you know where it’s being invested - especially when you’re saving into it for decades”. “We don’t know how the world of finance will look in years to come, but we do know your future self should be grateful that you are adding to your pot.” Read More Four in ten Brits ignore potentially serious eye problems, study finds The exact time Brits find themselves ‘uncontrollably hungry’ revealed Sounds that can help you fall asleep better Exact time Brits find themselves ‘uncontrollably hungry’ revealed Top 10 acts which make people feel more positive Brits feel their mental health declining due to cost of living crisis
1970-01-01 08:00
UK’s Transport Secretary Attacks ‘Sinister’ Local Government Traffic Measures
UK’s Transport Secretary Attacks ‘Sinister’ Local Government Traffic Measures
UK Transport Secretary Mark Harper attacked local government efforts to rein in road congestion, tapping in to fringe
1970-01-01 08:00
Birkenstock Draws Norwegian Wealth Fund to $1.6 Billion IPO
Birkenstock Draws Norwegian Wealth Fund to $1.6 Billion IPO
Birkenstock Holding Ltd. and its private equity owner are seeking as much as $1.6 billion from an initial
1970-01-01 08:00
Scientists have discovered a disturbing link between milk tea and depression
Scientists have discovered a disturbing link between milk tea and depression
Bad news for milk tea drinkers, as the beverage - which comes in different forms such as bubble tea - has some disturbing links to depression, according to a new study. Milk tea is widely consumed worldwide, but it has become particularly popular among young people in China over recent years. While many of us buy the drink as a sweet treat or pick-me-up, researchers from Tsinghua University and the Central University of Finance and Economics in China investigated whether milk tea addiction is a thing. After 5,281 university students in Beijing were surveyed as part of the research published in the Journal of Affective Disorders, they found that milk tea addiction does exist and also spotted connections between this issue with anxiety and depression. Researchers noted the "tremendous growth" the beverage has had with youth as well as their findings from the study. "Our findings highlighted that milk tea consumption might lead to addiction, and it is associated with depression, anxiety, and suicidal ideation," they wrote in the paper. Nearly half of the students surveyed said they had at least one cup of milk tea on a weekly basis, while a scale of addiction was used to understand the symptoms such as cravings, immoderation and how this affects daily life. Given that milk tea includes both caffeine and extra sugar, the effects of these ingredients cause worry - with low moods and social isolation as examples. "The results indicate that milk tea consumption might lead to addiction symptoms, including frequency, dependence/craving, intention to stop, unable to stop, tolerance, and guilty feelings," the paper read. Milk tea addiction has been compared to social media and drugs in terms of how damaging it can be, particularly when used to try and regulate emotions. However, a large study would be needed over a longer period of time to gain further understanding of this. To conclude, researchers want further regulation and safeguarding against both the physical and mental symptoms possibly connected to drinking milk tea, for example addiction, depression and obesity. "Current findings can assist policymakers in developing regulations such as restricting advertising, providing psycho-education, establishing food hygiene standards for such a prosperous youth-dominant consumption industry while protecting their mental health," they stated. Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
1970-01-01 08:00
Chiefs coach, players infuriate Jets fans by claiming bad calls were correct
Chiefs coach, players infuriate Jets fans by claiming bad calls were correct
The Chiefs refused to admit the referees made questionable calls in their win over the Jets in Week 4.
1970-01-01 08:00
MLB Power Rankings: The best free agent on every Wild Card team
MLB Power Rankings: The best free agent on every Wild Card team
With the MLB playoffs beginning on Tuesday with the Wild Card round, we take a look at the players who could be in high demand by other teams in 2024.
1970-01-01 08:00
Water Plants Turn Salty Due to Low Mississippi: Weather Watch
Water Plants Turn Salty Due to Low Mississippi: Weather Watch
The drought that has led to low levels along the Mississippi River is now threatening the quality of
1970-01-01 08:00
Tesla misses estimates for quarterly deliveries; shares fall
Tesla misses estimates for quarterly deliveries; shares fall
(Drops extraneous word from headline) (Reuters) -Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced
1970-01-01 08:00
Patrick Mahomes Slid Instead of Scoring a Touchdown and It Either Crushed Or Saved Your Bet
Patrick Mahomes Slid Instead of Scoring a Touchdown and It Either Crushed Or Saved Your Bet
The Kansas City Chiefs closed as 8-point favorites over the New York Jets and bettors were more than happy to throw their money behind them for obvious reasons.
1970-01-01 08:00
Woman who fatally shoved 87-year-old vocal coach to the ground in New York sentenced to 8 1/2 years in prison
Woman who fatally shoved 87-year-old vocal coach to the ground in New York sentenced to 8 1/2 years in prison
The woman who fatally shoved an 87-year-old Broadway vocal coach in New York was sentenced to 8 1/2 years in prison and five years post-release supervision, a spokeswoman for the Manhattan District Attorney's Office confirmed to CNN.
1970-01-01 08:00
Darren Blair: Family seeks answers over man's death in Vietnam
Darren Blair: Family seeks answers over man's death in Vietnam
Darren Blair's family say they have been told multiple stories about how he died.
1970-01-01 08:00
MLB Playoffs Insider Picks: 1 bold prediction for every Wild Card team
MLB Playoffs Insider Picks: 1 bold prediction for every Wild Card team
The Major League Baseball postseason has officially arrived, and it's time to make one bold prediction for each wild card team.
1970-01-01 08:00
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