Visualizing Financial Literacy Rates Around the World
What is financial literacy? The S&P’s Global Financial Literacy Survey defines it as the ability to understand essential financial concepts in making informed decisions about saving, investing and borrowing. The survey asked respondents a series of financial literacy questions. Here’s one example. Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments? The answer is obvious to anyone familiar with risk diversification.
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