Saturday Star

How financially literate are you?

As a nation, we know that our financial literacy is sorely lacking. The topic is broad, but those involved in financial education identify an understanding of interest rates, inflation, compound interest and diversification of risk in financial decision-making to be markers and measures of financial literacy. So where do we fall in these areas? Based on a sample set of 3 067 interviewees for a survey commissioned by the Financial Services Conduct Authority (FSCA) in 2018,

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