Dumb And Dumber

According to the Center for Economic and Entrepreneurial Literacy (CEEL), an overwhelming number of Americans are unable to answer some of the most basic questions about borrowing, interest rates, terminology, and even basic math. One in three respondents could not calculate 1 percent of 50,000, while 54 percent of respondents could not define subprime mortgage. Financial Advisors have got their work

According to the Center for Economic and Entrepreneurial Literacy (CEEL), an “overwhelming number of Americans are unable to answer some of the most basic questions about borrowing, interest rates, terminology, and even basic math.” One in three respondents could not calculate 1 percent of 50,000, while 54 percent of respondents could not define “subprime mortgage.” Financial Advisors have got their work cut out for them. Roll those sleeves up.

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