Wednesday, May 18, 2016

Quick Quiz ... You'll Be Shocked to Learn How LIttle Most People Know About Personal Financial Matters!

The test results of 3 basic financial questions that surprisingly stump most Americans are extremely hard to believe, at least for me. I hope the same is true for you and everybody you know.

"Prepare to be shocked at just how little most Americans know about even the most basic financial concepts....

To get an understanding of how woefully uneducated the masses are when it comes to money, economists from Wharton and George Washington University have been asking three basic financial questions — very basic — for years, and the results have been rather startling.

Before you try your hand at it, here’s how others have fared: . . . only half of Americans over the age of 50 answered at least two of the three questions correctly. Less than a third got them all right.

When breaking it down by education, only 44% of Americans with a college degree nailed all of them. That number drops to 31% for those with some college. . . .

100% should be a slam dunk."

Summing Up

Click on the above link to the article, take the quiz, and be prepared to be shocked when you see how little others know about the most simple elements of personal finance.

It's a little scary.

That's my take.

Thanks. Bob.

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