Ever Heard of Investophobia?


Ever heard of Investophobia?

If you haven’t, you may want to do your research as Scottish Friendly recently found half of all savers in the UK are now suffering from it.


 Investophobia is an extreme or irrational fear of, or aversion to investing money.

While it may seem like a sensible phobia to have, it can cause savers to avoid investing their money despite inflation and rock bottom rates.



 If you think you might have investophobia, you can read more about it. Scottish Friendly teamed up with Money Writer and Broadcaster, Simon Read, to debunk the myths around investing and help savers overcome their fear.


For a bit of fun, you can also test your phobia knowledge with our quick quiz here. By doing so, you could be in with a chance of winning a £100 My Rewards gift card!

You can find Simon Read's blog by clicking here too!


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