Yikes: 2 out of 3 Americans Can’t Answer Basic Financial Questions

This is frightening (via BlackRock): It’s undeniable that the current state of the economy is complicated. However, for some it is entirely perplexing. In a recent survey of Americans over 50, only one out of three participants could correctly answer three basic questions on compound interest, inflation, and diversification. This is particularly troubling, as basic financial knowledge is required when dealing […]

    


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