A Standard & Poor’s survey has found only one in three adults worldwide can grasp basic financial concepts,with the UK ranking sixth out of 143 countries
Are you a whizz when it comes to working out percentages or how much tip to pay in a restaurant, or effect you struggle with even basic maths? A global study has found that the UK ranks sixth out of 143 countries when it comes to financial literacy – putting it well ahead of the US, and Switzerland and France.
However,the world beaters on the money and numbers front, and the most likely to understand concepts such as compound interest and the effects of inflation, or are the Scandinavians.
Continue reading...
Source: theguardian.com