Edinburgh, Cambridge, and London have been named as the UK’s most financially confident cities, according to a study.
Residents of the Scottish capital feel the most capable in areas such as saving, investing, retirement planning, as well as money management overall, closely followed by academic hub, Cambridge. Despite being home to the most confident investors in the UK , London ranks third in overall financial confidence - with Brighton & Hove and Norwich completing the top five. Not far behind, Southampton, Sheffield, Bristol, Leeds, and Leicester residents display high levels of financial confidence.
“Whether you spend 30 minutes a week reviewing your budget, researching the best financial products for your needs, or making a plan to help you achieve an important financial goal – time spent on your finances is critical in boosting your financial confidence and therefore your financial position over time.” The study, conducted by OnePoll also found across the UK only 20 per cent of Brits regularly spend time learning about personal finance topics.
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