Various sources report that our financial literacy efforts are not working. Just consider these headlines:
- Two-thirds of the world can’t pass a basic financial literacy test
- Only 48% of Americans pass financial literacy test
- Just 19% of Americans give themselves an “A” grade on financial knowledge
- Only 24% of Millennials exhibit basic financial literacy
Read the articles I’ve written to find out why financial literacy education efforts aren’t working and what we need to do to get better results:
There are various organization that offer quizzes/tests to assess your level of financial literacy (FinLit) knowledge, and the ability to compare your results to other countries, states, and age groups. Click on the images below to access the tests (opens new window):
I’m very interested to hear what you think about financial literacy. If you would like to send me a comment on the topic or the tests, please click here.