Most People Struggle With This
Americans aren't alone. People worldwide struggle with basic financial concepts: More than half who took the test missed at least one answer.
The test is the brainchild of two financial experts, professor Olivia S. Mitchell, who directs the Pension Research Council at the Wharton School of the University of Pennsylvania, and professor Annamaria Lusardi, academic director of George Washington University's School of Business' Global Financial Literacy Excellence Center.
You can test your knowledge with these questions. They're included in a Wharton article, Three Questions with Implications for Your Financial Future. After taking the quiz, read further for the answers and how to reach them.
After that, you'll see how your answers to this quiz predict your chances of being richer or poorer and where to find free personal finance education online.
