Can You Do Better than Average on this Quiz of Your Retirement Financial Literacy?
Retirement expert, Kathleen Coxwell, argues that retirement financial literacy is low, very low. She contends that most of us do not know very much about the fundamentals of how personal finance works. She believes that most people are unprepared and unaware of what is needed for a secure retirement. Fidelity asked more than 2000 people – half who were between the ages of 55 and 65 and not retired – questions in eight different retirement categories. The average that people got right was a mere 30 percent – a solid “F.” And, absolutely NOBODY got ALL the questions correct – on a multiple-choice quiz. And, the highest overall grade was a mere 79%. Can you do better?
