Filed Under:Life Insurance, Life Planning Strategies

One-third of Americans fail financial literacy quiz

Why are so many Americans unprepared for retirement? One possible reason is that they simply do not understand basic financial and retirement topics.

In a study on financial literacy, LIMRA asked 2,000 Americans 10 multiple choice and true/false. More than one-third (36 percent) answered less than half of the questions correctly and only 12 percent answered nine or more of the questions correctly.

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Nichole Morford

Nichole Morford
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