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Study ranks Arkansas last in US in financial literacy

Arkansas residents who have trouble with financial decisions can take comfort in knowing one study shows it to be a state-wide trend. ....

United States , Little Rock , District Of Columbia , Jeffry Haber , Iona University , Walletliteracy Test , Financial Planning , Financial Knowledge ,

Study ranks Arkansas last in US in financial literacy

Arkansas residents who have trouble with financial decisions can take comfort in knowing one study shows it to be a state-wide trend. ....

United States , Little Rock , District Of Columbia , Jeffry Haber , Iona University , Walletliteracy Test , Financial Planning , Financial Knowledge ,

People with more financial literacy are less economically fragile — this matters for aggregate shocks from pandemics to climate change: Annamaria Lusardi

Drawing from our data, these are mostly the Nordic countries, Canada and the UK. They have a strong educational system and do well in financial literacy. This does matter — studying microdata across countries, weve found people with greater financial literacy are less economically fragile or more able to face shocks. This is particularly important in an era when we face not just normal distur-bances but shocks at an aggregate level, like the pandemic or climate change, says Annamaria Lusardi. ....

United Kingdom , United States , Srijana Mitra Das , Financial Education Committee , Initiative For Financial Decision , Stanford University , Economist Annamaria Lusardi , Financial Decision Making , Financial Literacy , Economically Fragile , Financial Education , Personal Finance , Economic Resilience , Global Economy , Financial Knowledge , Financial Markets , Financially Literate , Gender Difference ,