Post by Deleted on Sept 17, 2015 11:24:05 GMT
Britons more likely to understand text message terms than financial abbreviations
I did know P.A.Y.E
Britons are more likely to understand text message jargon such as LOL and OMG than they are to know what financial abbreviations like PAYE, ATM and Isa stand for, a survey has found.
Four in five (79%) adults knew that LOL means 'Laugh out loud' in text speak, while three in five (60%) knew that Isa stands for Individual Savings Account, according to Nationwide Building Society research.
More than three-quarters (77%) of consumers knew that OMG translated as 'Oh my God' in text language, while just under two-thirds (65%) knew that ATM stands for Automated Teller Machine.
A similar proportion (66%) of people correctly said that PAYE means Pay As You Earn.
The survey also found that more people knew what WTF ('What the f***') means in text shorthand, with 63% getting the answer correct, than those who knew what abbreviations such as HMRC (Her Majesty's Revenue and Customs) and CTF (Child Trust Fund) stand for.
Four in five (79%) adults knew that LOL means 'Laugh out loud' in text speak, while three in five (60%) knew that Isa stands for Individual Savings Account, according to Nationwide Building Society research.
More than three-quarters (77%) of consumers knew that OMG translated as 'Oh my God' in text language, while just under two-thirds (65%) knew that ATM stands for Automated Teller Machine.
A similar proportion (66%) of people correctly said that PAYE means Pay As You Earn.
The survey also found that more people knew what WTF ('What the f***') means in text shorthand, with 63% getting the answer correct, than those who knew what abbreviations such as HMRC (Her Majesty's Revenue and Customs) and CTF (Child Trust Fund) stand for.
I did know P.A.Y.E
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