“[A]mong respondents age 50 and older, only half of them got the first two answers right and only one-third of them got all three answers right.”
How about you? Can you get all three questions correct?
Are We a Nation of Financial Illiterates? Scroll down just a little for the three questions.
In my experience America is full of financial illiterates. I am often amazed by how many people can’t even make simple change, if the register doesn’t tell them the answer. Sometimes I’ll give them an extra nickel or something so I can get my change back in even dollars or larger coins. That really throws them off.
For the record, I got all three questions right. It’s downright sad, though not too surprising, that half the respondents couldn’t even get the first two right. No wonder our economy is in such a mess. I guess they took the poll over at the Congress and the West Wing.