Which shouldn't come as a surprise to anyone how can look objectively at the way the general public handles their money.
We are a nation of illiterates. Financial illiterates, that is.
Despite a proliferation of games and apps, and efforts by many schools to teach the subject, financial literacy declined between 2009 and 2012, according to a survey - Via: Today.com
The FINRA Investor Education Foundation (FINRA Foundation) asked a series of questions to test peoples financial capability in an online survey. A majority of respondents, 61 percent, were unable to answer three of the five questions correctly. In 2009, that number was just 58 percent.
Test your Financial Literacy via Usfinancialcapability.org
The State-by-State Financial Capability Survey, which surveyed more than 25,000 respondents, was developed in consultation with the U.S. Department of the Treasury, other federal agencies and the President's Advisory Council on Financial Capability.
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