These days the world of finance has become increasingly complicated, and a huge number of financial products and services means that whilst consumers certainly have far more choice they can also get very confused by the wide range of financial products and services that are available from different banks, lenders, and financial institutions.

In fact, a recent survey that was carried out has confirmed that the vast majority of adults in Britain are confused about a variety of financial products, which can be quite dangerous in the current financial climate when it pays to have some level of knowledge about different financial products and some level of understanding about how they work.

The study was performed by the University of Bristol and the insurance comparison site confused.com. As part of the study around six thousand consumers were polled, and the research found that a huge number of people were confused about various financial products suc

h as savings, mortgages, pensions, and more.

The study found that the least confusing financial product or service for consumers was credit cards, with 40 percent of respondents stating that they were not confused at all by credit cards. However, a massive 83 percent of respondents expressed confusion when it came to mortgages and pensions.

Banker bonuses created confusion for 84 percent of respondents, and 80 percent said that they were confused by changes to tax rates. When it came to unemployment rates 75 percent of those responding to the survey were confused. The survey even showed that 42 percent of people lay in bed at night pondering over this confusion.

An official from Confused.com said: “It’s not surprising that financial products and terms account for so much confusion in modern life. It’s easy to see how making decisions could lead to stress and worry.”