December 23, 2009, Featured Articles
Test Your Financial Sophistication
Here are 18 true-or-false questions that economists asked Americans over age 55. The average score among the college-educated was 68%. Perhaps you'll fare better.
How financially sophisticated are you? To find out, answer these 18 True or False questions. When you're finished, compare your answers with the Answer Key at the end of this article. Allot yourself five points for each correct answer.
A perfect score would be 90. The average college-educated person over age 55 scored 61.25, or 68%. If you're wondering whether you can get continuing education credit for taking the test, the answer is, “Not as far as we know.”
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