realityeconomics

Tuesday, October 03, 2006

Dr. Annamaria Lusardi at Dartmouth discovered the following in her research on financial literacy:

Anna Maria Lusardi's research shows that when asked the question: Do people understand basic interest compounding, inflation, and risk diversification---only 56% of those surveyed correctly answered questions on inflation and compound interest. For more information on her presentation at the NABE annual meeting, go to www.nabe.com/mem/am06/lusardi.pdf

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