Jul 25, 2018
This week we are going to talk about financial literacy and the 10 things your need to know to manage your own finances. We have spent almost a full year together improving our collective financial literacy.
One of the silver linings of the financial crisis was that it was supposed to have taught many Americans a lesson, although painful, about the dangers of debt, and financial issues in general. Apparently, the message, though, didn’t get across.
A new study, which was released today, estimated that nearly two-thirds of Americans can’t pass a basic financial literacy test, meaning they got fewer than four answers correct on a five-question quiz. Worse, the percentage of those who can pass the test has fallen consistently since the financial crisis to 37% last year, from 42% in 2009.
At the end of this episode you will be a financial literacy master!
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