Budgeting, the economy, inflation, stocks, and bonds — how much do you know about money and finances? One thing's for sure: these concepts aren't exactly taught in school. Financial literacy is ...
Many American consumers fail to grasp the basic math of inflation, according to a large-scale study of financial literacy. The FINRA Investor Education Foundation, a financial education nonprofit, ...
A new survey found that most Americans were not able to pass a quiz on financial literacy that had just seven questions. The Financial Industry Regulatory Authority (FINRA) recently conducted one of ...
If you chose “about two-thirds,” you’re correct, and you’re in the minority. Only about one in four Americans answered that question right on a financial literacy quiz, completed online in January by ...
The FINRA quiz focuses on seven questions that cover common financial topics: interest rates, inflation, bond prices, mortgages, stocks, debt, and probabilities. These are all issues that come up in ...
If you're familiar with finance, savvy on savings, and plugged in on policy, the Bank of England has the quiz for you — and there's the opportunity to win cash in the process. The central bank is ...
Financial illiteracy costs the average American $1,015 a year. This isn't just some abstract statistic — it's real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.
Financial advisors know well that a foundational level of financial literacy is essential for making informed investment decisions. Yet, even with strong literacy scores, many investors are prone to ...