Think you’re smarter than the average American when it comes to personal finance? Well here’s your chance to find out.
Marketwatch.com recently posted a money quiz that consists of 10 financial questions that they found to be the ones people most commonly answered incorrectly (according to their nationwide survey). Shockingly, of the people who were tested as part of their study the average score on these 10 questions was 50%!
After taking the quiz myself I’m astonished that the average score is 50%. The questions are all very basic and represent different financial decisions we all have to make from time to time. I think it speaks volumes to the problem of financial literacy that we face as a nation. Maybe I’m being overly critical and only found it so easy because I spend so much time reading and writing about these kinds of things. It’s possible, but I doubt it. I really think Americans, on average really need to work on increasing their financial knowledge. Its one of the reasons I started this site!
So have at it, loyal reader…take the quiz, post your scores in the comments. It’s no big deal if you didn’t do well, I’m here to help! I’d also be willing to explain the reasons to any of the answers you may have questions about, so post those below as well and I’ll do what I can to shed some light on it!
Take the Quiz (My results and the average scores by age bracket are below)
Compare your score to the average for people in your age group in a recent nationwide survey:
You scored 100%!