I got 7/7. Going back to get ‘em all wrong to get rid of the CC bias. 
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7/7 for me too. I think a discussion about financial literacy should also include saving for retirement. So many people don’t look into matching contributions from their employer and how to maximize it.
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Clearly it would be a good idea for any hight school Financial class to study loan… especially example of the future impact of taking student loans
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Budgeting, loans, saving, retirement planning, use of credit cards, use of debit cards, credit scores…lots of things related to personal finance. I’m sure I’ve leave a lot off here.
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Heck going back to basics—NEEDS vs WANTS—so that people can remember what is essential vs discretionary.
People can’t prioritize without stopping to think if what is ESSENTIAL and can’t even start saving without understanding this.
Buying endless “merchandise” from Amazon is generally NOT essential though folks may convince themselves it is!
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This test would be more legitimate if there were 8 questions instead of 7.
If 96% of people can’t even get 7 answers right, why is having 8 questions more legitimate? I’m don’t get your reasoning.
Got the bond question wrong. The only high school math class I had in high school was algebra 1 in 8th grade. I honestly don’t know how I passed Calc with a C in college. But those questions are so basic. Pretty scary that Americans are so uninformed/math challenged.
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States that require students to take a financial literacy course for high school graduation: Alabama, California, Connecticut, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, West Virginia, Wisconsin
Most of the legislation requiring a course in financial literacy is fairly new and may not be in full effect yet.
I took the quiz and got 7 out of 7. I sent it to 28 y/o D to take. She got 5 correct and answered 2 with IDK (changes in bond pricing and single stock vs mutual fund volatility) She didn’t know what the term mutual fund but when I explained it she was correct. She’s good at math for a graphic designer so approached the questions as math problems.
H still doesn’t always get the bond question and every time we watch Trading Places I have to explain short selling to him.
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