Most people in the United States have a thorough knowledge of finance as evidenced by their having high annual savings rate and a well-developed retirement plan.

Question

Quizplus · Accepted Answer

It is not necessarily true that most people in the United States have a thorough knowledge of finance. While some may have a high annual savings rate and a well-developed retirement plan, overall financial literacy in the U.S. is relatively low. According to the National Center for Education Statistics, only about 17% of U.S. adults are considered to have a high level of financial literacy.

Most People in the United States Have a Thorough Knowledge