Half of young people unaware what DC pensions are

MRM finds 18 to 30 year olds less familiar with term ‘DC’ than ‘APR’ and ‘compound interest’

Jasmine Urquhart
clock • 2 min read
Half of young people unaware what DC pensions are

Almost half (48%) of young people aged 18 to 30 years old are unaware what the term ‘defined contribution’ (DC) means.

The MRM ‘Young Money' survey of 1,000 young people in the UK last year found fewer young people were aware of what the term ‘DC' means than ‘APR' (35%) and ‘compound interest' (33%). The survey ...

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