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Is America Rich Enough To Be Stupid With Its Money?

Survey says yes.
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How dare you imply that this is a stupid country.

We better hope so, because 43% of us don’t know the first thing about the green stuff.

To gauge financial literacy, and capture whether adults know how to make sound decisions, the researchers asked questions on four basic personal finance topics: inflation, interest, compounding and financial diversification. Anyone providing correct answers to three of the four topics was rated as financially literate.

Only 57% of Americans notched a passing grade, compared with over 70% in Norway, Denmark and Sweden, and over 60% in Israel, Canada, the U.K., the Netherlands, Germany, Australia, Finland and New Zealand.

The U.S. May Be the World’s Richest Country, But It Ranks 14th in Financial Literacy [WSJ Real Time Economics blog]


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