Of those who answered all of the questions correct, 63% said they didn\u0092t feel financially strapped versus 48% who said the same but had answered one or more questions incorrectly.<\/p>\n
Some 42% of people who got a perfect score on the test also said they were comfortable with their debt levels. Meanwhile, of those who answered questions wrong, 32% said they were comfortable with their debt.<\/p>\n
Overall, the survey respondents scored pretty well on the tests: They answered 7.5 out of nine questions correctly, on average. And three out of 10 respondents earned a perfect score.<\/p>\n
Despite higher levels of confidence among the most financially literate, even they didn\u0092t feel comfortable with their savings or their ability to retire. Less than a quarter of those who answered all the questions correctly said they felt comfortable with their savings. A slightly higher 36% said they were very confident in their ability to retire comfortably.<\/p>\n
Among those who answered at least one question incorrectly, just 15% felt good about their savings and 29% said they were sure they would be able to retire comfortably.<\/p>\n
The test surveyed 659 people and has a margin of error of plus or minus 3.8 percentage points.<\/p>\n
The more American middle class families understand personal finances, the less financially strapped they feel, a new survey shows. First Command Financial Services Inc., an investment adviser firm, administered a financial literacy test in March to people with household incomes of $50,000 or more to gauge the financial knowledge of the middle class. Of those […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-516478","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/516478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=516478"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/516478\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=516478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=516478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=516478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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