And yet people like this are (a) allowed to vote at all and (b) allowed to vote for demagogues like Osama. D’oh!
I suppose a number responded: What’s a savings account? What’s interest? What’s a stock? What’s a mutual fund?
Democrat voters are either (1) financially illiterate, so they do not understand liberalism, or (2) corrupt, so they expect to profit from liberalism. There are no honest, intelligent votes for democrats. We knew the ill-informed were a majority when Obama won the first time, and we knew the ill-informed were slow learners in 2012.
q.3) sounds more like a sales pitch than a question about basic economic literacy. Did I get that right?
Among foreigners, the Germans and the Swiss did the best (over 50% correct), while the Russians did the worst (4% correct)
No big surprise there!
A Truly Progressive/Liberal person would fail all of these because they would not believe in any of them.
seriously?
The dumbing down has gone so far that most Americans probably think high taxes help an economy
Oh, he is having coffee with Education Union leaders and low information voters. I understand!
Hitler once commented that leaders were fortunate that the people did not think. Evidently, the government’s educational goal has been to ensure that the people *cannot* think. Sadly, it worked.
What do puttin air up in mah tires gotta do wit mah EBT card?
You can't answer a question correctly if you can't read it.
The fact that these people, with 30+ years of living, failed 65% of the time to properly answer these questions is why Obama won! They are the Low Information Voters who cannot be bothered and trust AARP and the Democrats to guide them to their individual death panels. Sheesh!
Americans are just following the example of our fine leaders. Spend more money than you have and borrow money that you can’t pay back.
P.S. Why would I compute my interest? That's the bank's job.
Yet every single one of these ignoramuses considers himself an expert on economics and government policy re economics.
This test is very flawed, or at least the reporting of it is flawed.
The only thing it tells us about the sample is that the people questioned were 55 years or older.
Based on this information, the following might be true: four people were asked these questions. All of them were over 85-years-old. Three of them had Alzheimers and were unable to understand the questions. The fourth had only 4 years of primary education and was unable to read the questions.
Without more information, the results of this test are completely useless for forming any opinion of the financial literacy of American people.
Many people don’t have a bit in savings. My wife and I could live on the interest from our savings. I just have a job for beer money and to go out to eat now and then. Our daughter and husband saved enough to pay cash for his new pickup a couple of months ago.
We transferred $25,000 to them - plus seven years interest - that she had as a damage settlement with the insurance company after her car was totaled by hail back in 2007 as part of the payment.
Q: Who puts money in a savings account that pays 2%?
Point taken but the conclusions are meaningless.
Most Americans are not 55 and higher. 34% is not Most of anything.
So what’s new. I felt at the time King Obama was elected that 2/3 of Americans are idiots. Still feel that at least half have not woke up yet!