Here's some sad and not too surprising data from a new Treasury survey. 85% of Americans got at least one of these questions wrong. Can you beat the average?
1) Buying a single company's stock usually provides a safer return than a stock mutual fund. True or false?
53% of Americans got this right.
2) A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage, but the total interest paid over the life of the loan will be less. True or false?
76% of Americans got this right.
To read the full, original article click on this link: 85% Of Americans Can't Answer These 5 Basic Financial Literacy Questions
Author: Gus Lubin