Are you financially literate?

Re: Are you financially literate?

I got 93% on the RICP Retirement Income Literacy Survey. I should have done better.On most Financial literacy topics I do very well. Unfortunately 2/3 of Americans and half of those owning stocks or bonds fail a very simple 3 question survey, showing a failure to understand compound interest, inflation, and diversification. We need to help our customers be financially literate, which will help them save for retirement.