This statistic illustrates the level of understanding of credit card users with regards to annual percentage rate (APR) in the United Kingdom (UK) in November 2015. A total of 17 percent of those users surveyed stated that APR was quite difficult to understand.
United Kingdom: How easy or difficult is it to understand annual percentage rate?
Sample broken down as follows:
65 percent had credit card(s) and used it/them in the last 12 months. (active users): 25,879 weighted.
5 percent had credit card(s) but did not use it/them in the last 12 months. (inactive users): 2014.
30 percent did not have a credit card (non-users): 11944.
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Financial Conduct Authority. (November 3, 2015). United Kingdom: How easy or difficult is it to understand annual percentage rate? [Graph]. In Statista. Retrieved November 02, 2024, from https://www.statista.com/statistics/510365/consumer-understanding-of-annual-percentage-rates-united-kingdom/
Financial Conduct Authority. "United Kingdom: How easy or difficult is it to understand annual percentage rate?." Chart. November 3, 2015. Statista. Accessed November 02, 2024. https://www.statista.com/statistics/510365/consumer-understanding-of-annual-percentage-rates-united-kingdom/
Financial Conduct Authority. (2015). United Kingdom: How easy or difficult is it to understand annual percentage rate?. Statista. Statista Inc.. Accessed: November 02, 2024. https://www.statista.com/statistics/510365/consumer-understanding-of-annual-percentage-rates-united-kingdom/
Financial Conduct Authority. "United Kingdom: How Easy or Difficult Is It to Understand Annual Percentage Rate?." Statista, Statista Inc., 3 Nov 2015, https://www.statista.com/statistics/510365/consumer-understanding-of-annual-percentage-rates-united-kingdom/
Financial Conduct Authority, United Kingdom: How easy or difficult is it to understand annual percentage rate? Statista, https://www.statista.com/statistics/510365/consumer-understanding-of-annual-percentage-rates-united-kingdom/ (last visited November 02, 2024)
United Kingdom: How easy or difficult is it to understand annual percentage rate? [Graph], Financial Conduct Authority, November 3, 2015. [Online]. Available: https://www.statista.com/statistics/510365/consumer-understanding-of-annual-percentage-rates-united-kingdom/