TITLE

Economic Literacy in a Recession, Too

PUB. DATE
April 2009
SOURCE
Journal of Financial Planning;Apr2009, Vol. 22 Issue 4, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports on a survey by the Center for Economic and Entrepreneurial Literacy which indicated that a large percentage of Americans who answered the survey were functionally illiterate in terms of personal finance. When asked to determine 25 percent of 8, two-thirds of respondents were unable to do so. A third of them were unable to determine 1 percent of 50,000. More than half did not know what a subprime mortgage was.
ACCESSION #
37830530

 

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