5 Investing Questions the Average American Can't Answer
It's not a big secret that Americans are lacking in financial literacy. In fact, in one 2015 international study of 15-year-olds, the U.S. ranked 12th out of 18 participating countries for financial literacy skills, and according to many other surveys and tests, our adults aren't doing too much better. To illustrate this, here are five questions about investing and retirement planning, all of which were answered correctly by less than half of the American adults who responded to them.
This question is included on FINRA's financial literacy test (which you can take here), and according to the agency's most recent report (2015), only 28% of respondents got this question right. Thirty-three percent chose one of the wrong answers, and 38% answered "don't know."
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Source: Fool.com
