vv-5 - Moxnv PERSONAI TINANCE Survey MostAmerican investorc...

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Moxnv PERSONAI TINANCE Survey MostAmerican investorc lack basic knowledge of personal finance T'he survey's finding that most Americans are financial ilfiterates is consistent with other sun/eys. By Humbeilo Gruz FORT LAUDERDALE SUN-SENTINEL Most American investors, par- ticularly women and the elderly, are financial illiterates and sitting ducksi for investment fraud and abuse, according to a national sur- vey made public this week. The Investor Knowledge Sur- vey released by the non-profit In- vestor Protection Trust in Ariing- ton, Va., found that a "national epidemic of financial illiteracy" is aggravated by "reckless behavior" on the part of American investors. The telephone survey of 1,001 investors conducted by Princeton Survey Research Associates in Jan- uary found that fewer than one in five are "financially literate," able to answer at least seven of eight basic investment questions. Sun'ey
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This note was uploaded on 04/07/2011 for the course BUS M 301 taught by Professor Jimbrau during the Winter '11 term at BYU.

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