According to research half (57%) of Americans meet the measure for financial literacy. There is also a correlation between financial literacy and proficiency in math.
Another survey found that 69% of Americans don’t understand compound interest.
Free money. In this example $4,743.49 … for doin nuttin🤑
WHEN IT COMES TO MATH Over half of Asians/Pacific Islanders (52%) scored at or above the proficient level in math, while one-third (33%) of whites scored in this range; fewer (6%–12%) 12th grade black, Hispanic, or American Indian/Alaska Native students scored at or above the proficient level in math.https://nsf.gov/nsb/sei/edTool/data/highschool-06.html
Is there any wonder so many Americans get into one financial mess or another? And much of the time blame others for their money issues; student loans, unfair mortgages, credit card balances… people taking advantage of them. 😢