"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.
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."
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.