Sadly, the actual financial questions that most Americans don’t know the answers to, referred to in this article at The Atlantic and discussed in this analysis from FINRA, don’t seem to be available. However, tucked away in the report is this snippet of information:
Males, older respondents, White and Asian respondents, and those with college or higher education levels are more likely to answer the quiz questions correctly.
Several competing interpretations could be placed on that. It could be that the questions are racist, sexist, and ageist. Or, alternatively, we might consider that if we want the American people to become more “financially literate” we might want to focus our attentions on young black or Hispanic women and start teaching them earlier in life.
Courtesy of commenter Barry Drusedom the original quiz is here.
Since I’m an old white guy, I got all five answers correct. In honesty one of them is a trick question—if you gave the true answer, you’d be marked wrong but the answer they’re looking for is pretty obvious.