The world is startlingly illiterate, financially speaking. Only 30 percent of Americans know basic money management, according to a recent study. A survey posed three basic financial questions about savings, interest and stocks to people in various countries. Germans performed the best, with 50 percent answering correctly, while only four percent of Russians got the answers right. The research also revealed that women, the poor and the elderly were the least financially literate. The implication? Most of us need help counting the money.
Source: The Atlantic