Question 2 Answer

Imagine the interest rate on your savings account is 1% per year and inflation is 2% per year. After a year, could the money in the account buy:

  • Less than the amount today.
  • 64% of Americans answered correctly.

Question 3 Answer

True or False: A single company’s stock usually provides a safer return than a stock mutual fund.

  • False
  • 52% of Americans answered correctly

Who answered all three questions correctly?

  • Highest Scoring: Germany at 53%
  • United States 30%
  • Lowest Scoring: Russia 3%

Source: 2014 State Street Global Financial Literacy Test