Corporateburnout
Thinks s/he gets paid by the post
- Joined
- Sep 30, 2006
- Messages
- 1,743
Based on this article from MarketWatch it seems that the majority of retirement age Americans failed a retirement knowledge quiz.
From the article:" Almost 75% of Americans in retirement age failed a retirement literacy quiz hosted by the American College of Financial Services, which asked how to make money last through their golden years. Questions included when a loan has to be repaid on a reverse mortgage or when the best time is for a 90-year-old to claim Social Security benefits."
Retirement-age Americans are failing this financial literacy quiz - MarketWatch
I took the quiz and got 3 wrong answers out of 38. Some questions are tricky but not too bad.
A link to the quiz if you can't access the link in the article.
https://retirement.theamericancollege.edu/retirement-101/retirement-income-literacy-quiz
From the article:" Almost 75% of Americans in retirement age failed a retirement literacy quiz hosted by the American College of Financial Services, which asked how to make money last through their golden years. Questions included when a loan has to be repaid on a reverse mortgage or when the best time is for a 90-year-old to claim Social Security benefits."
Retirement-age Americans are failing this financial literacy quiz - MarketWatch
I took the quiz and got 3 wrong answers out of 38. Some questions are tricky but not too bad.
A link to the quiz if you can't access the link in the article.
https://retirement.theamericancollege.edu/retirement-101/retirement-income-literacy-quiz