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Consumers 'ignore' financial mail

People would rather read information on the back of a cereal box than bank statements or mortgage details, a survey has said.

...according to Docucorp's survey of 1,000 British adults, consumers still find much financial information tedious.

Eight out of ten people said they thought that such information was presented in a way that made it difficult to understand.

Docucorp said consumer resistance to financial information was not simply due to apathy.

"The lack of attention paid to pensions, for example, can be explained by the fact that consumers rank their pension information as the most poorly presented and difficult to understand out of all their financial correspondence," said Docucorp vice-president Tracey Robinson.

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Is it really that complicated?  The financial services spent loads of time and oodles of cash dumbing this stuff down.  I don't have a problem with it and (IQ tests notwithstanding) I just ain't that clever.  So are 9 out of 10 people stoopider than me, or are they just lazy when it come to so-called 'complicated' stuff?

Oh yes... it's another Poll.  You know you love 'em.  You keep voting, after all!