Americans overestimate their own financial literacy
September 28, 2022 09:08 Source: "China Social Sciences" September 28, 2022 Total 2501 Author: Wang Youran/Compilation

  bet365 best casino games According to the official website of the Ohio State University in the United States, recently reported,U.S. Journal "Financial Consultation and Planning" will publish an article "Is the financial knowledge of Americans increased by the American Department of Human D. Hanna? 》。This article thinks,More and more Americans overestimate their financial knowledge level。

Hannah and others analyzed bet365 live casino games the 4 National Financial Competence Survey (NFCS) data from 2009 to 2018。The survey sample volume is 25000-29000 people,Through 5 multiple choice questions (involved in interest rate、Inflation、Bond price、Mortgage loan、Financial Risk) to measure key financial capacity indicators (revenue and expenditure offset、Planning in advance、Financial Product Management、Financial Knowledge),and evaluate these indicators and population characteristics、Anecdotes between behavior and attitude characteristics。

Analysis results show,2009-2018,The average score of the American bet365 best casino games objective financial knowledge gradually decreases。Each problem in the national financial ability survey includes the option "I don't know",2009-2018,The number of respondents who select this option increases slightly。The respondents need to score on their "overall financial knowledge level",Researchers compare the self -scores of the respondent and the objective financial knowledge score of the respondent.,Believe that the proportion of Americans with its own financial maintenance exceeds the average level from about 15%to nearly 21%,Although the objective knowledge test of these people is Bet365 app download lower than the average score。

Researchers said,The above discovery leads to a problem: as far as the basic financial knowledge required by managing family financial knowledge,Is the current public education correct? One of the reasons for the decline in the financial literacy of Americans may be that mathematical skills are reduced,There have been a lot of evidence about this。Financial literacy depends to a large extent on mathematical ability,If the math ability is poor,It is difficult to clearly understand and plan personal finances。

From Hannah's view,Reducing dependence on detailed Bet365 app download financial knowledge may be a more effective way to help the public。"Mastering financial knowledge is good,But the final goal is to get better results,We need to find a way to help the public make better financial decisions "。

 (Wang Youran/Compilation)

Editor in charge: Chen Jing
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