77 Percent Of The World FAILED This Financial Literacy Test – Let’s See How You Do

by 5 years ago

While Americans know how to spend money with the best in the world, only 57 percent of Americans could pass this simple 5-question financial literacy test.

Considering that the United States is one of the most powerful economic powers on the globe, Americans struggled and finished 14th overall. But the world overall did not excel in this rudimentary quiz about risk, inflation, interest, compound interest and financial diversification. The results showed that only 33 percent of the world as a whole could pass this test. And they didn’t even need to get a perfect score! A passing grade was answering 3 of the 5 questions correctly! That means that 77 percent of 150,000 adults in 148 countries that participated in this survey got three or more questions incorrect! And it’s multiple choice! Some questions only have two choices! Shame on the world.

The survey was done in partnership with Standard & Poor’s Ratings Services, Gallup World Poll, the World Bank and the Global Financial Literacy Excellence Center at George Washington University.

Here are the top 15 countries:

1 Norway 71%
2 Denmark 71%
3 Sweden 71%
4 Israel 68%
5 Canada 68%
6 United Kingdom 67%
7 Netherlands 66%
8 Germany 66%
9 Australia 64%
10 Finland 63%
11 New Zealand 61%
12 Singapore 59%
13 Czech Republic 58%
14 United States 57%
15 Switzerland 57%

Let’s see how you well you comprehend basic personal finance topics.

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I got 5 out of 5 questions correct bitches. How did you fare?


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