Are We a Nation of Financial Illiterates?

The Freakonomics economists ask that question. There is also a little quiz about financial literacy. I got all three questions correct. How’d you do? Overall, I feel that all or most of the recent financial/housing troubles are solely because of people buying things that they just can’t afford. I heard multiple stories of people getting approved for a $200,000 mortgage but being unable to be approved for even a secured credit card!

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge