Turns out that people are just about as likely to overestimate their financial savviness as they are their good looks.
A new survey by the FINRA Investor Education Foundation found that 75% of U.S. adults say they’re pros at managing their finances, but only 14% could ace a five-question quiz on basic financial concepts, and only 25% more managed to score four out of five.
This was no small study sample size either. A whopping 25,000 consumers took the quiz. Think you can do a better job? Take the FINRA quiz below.continue reading »