Test Your Financial Literacy
To evaluate financial knowledge, the National Financial Capability Study (NFCS) respondents were asked a series of questions covering fundamental concepts of economics and finance that may be encountered in everyday life, such as calculations involving interest rates and inflation and principles relating to risk and diversification.
Data shows that in the U.S., 61 percent of respondents were unable to answer more than three of the five questions correctly. Further, only 37 percent of respondents were considered to have high financial literacy, meaning they could answer four or more questions correctly on the five-question financial literacy quiz—down from 39 percent in 2012 and 42 percent in 2009.
Do you know how financially literate you are? Take the NFCS Financial Literacy Quiz now and see how you stack up!
Data shows that in the U.S., 61 percent of respondents were unable to answer more than three of the five questions correctly. Further, only 37 percent of respondents were considered to have high financial literacy, meaning they could answer four or more questions correctly on the five-question financial literacy quiz—down from 39 percent in 2012 and 42 percent in 2009.
Do you know how financially literate you are? Take the NFCS Financial Literacy Quiz now and see how you stack up!
"Failing to plan, is planning to fail." - Benjamin Franklin
Let's make a plan.
Melinda J. Wells
Financial Advisor
Walker Wells Insurance, Investment & Financial Advisory Firm
Financial Advisor
Walker Wells Insurance, Investment & Financial Advisory Firm
|
2104 Cove Ave, Ste B
La Grande, OR 97850 |
240 SE 2nd St, Ste A
Hermiston, OR 97838 |
