financial literacy

standard The Unswankiness of Financial Ignorance

Jake Swank reminds you that not only will financial illiteracy keep you in the poorhouse indefinitely, you probably won’t garner a second look from that hot girl at the bowling alley while you struggle to compute the tip amount for a pizza. Why are we wasting our time on this topic? Recently, a pair of economists put together a basic three-question quiz. Guess what? 70 percent of U.S. respondents couldn’t pass.
And by basic, we mean basic. Keep reading. Although it could be worse. Russia clocked in at an anemic 4 percent correct percentage.
But with the best performing nations (Germany at 47 percent success and Switzerland at 50 percent) barely able to muster correct answers by half the population, it’s no wonder the global economy appears to be run …