Ask yourself this question: how much do you truly know about finance, in general? Yes, you may be able to save money effectively and you understand the importance of making frugal purchases so that your bank account doesn't take a tremendous brunt. However, if you were quizzed on a number of financial topics, how well do you think you'd do compared to other people? Here are a couple of shockingly knowledgeable tips that Bobby Jain could bring to your attention and they may just open a few eyes.
Wales Online posted an article about a series of questions on a GCSE standard. For those who do not know, this stands for the General Certification of Secondary Education, which is an award given to students between the ages of 14 and 16 who passed secondary education in Ireland and Wales. To put it simply, in theory, those who are above these ages should know the answers to GCSE-standard questions given to them, right? Shouldn't adults understand the questions that those who are much younger are able solve?
A number of 2,000 adults, according to the article, were given these types of questions because of the Open University Business School. There were a few topics that adults were required to focus on, ranging from the levels of income tax that was owed by certain accounts to the amounts of money that these very accounts paid. In any event, a reported average of 41% of these adults could not actually come up with the right answers. This is a point that deserves the attention of many financial authorities, including but not limited to Bob Jain.
It goes without saying that finance is a crucial topic for many adults, so the fact that certain questions couldn't be answered is concerning, to say the least. Teenagers can answer these types of questions correctly, so what does it say when adults struggle to answer these queries that are on a GSCE level? On one hand, it's pretty comforting, since Bobby Jain can rationalize that teenagers are becoming more knowledgeable on a topic that will matter tremendously later on. However, according to names the likes of Jain, many adults should be more knowledgeable about this.
It's fortunate that there are financial experts that have the ability to help various clients. However, what can adults do in order to better understand finance so that they do not have to be totally apprehensive about what they have, what they owe, or what have you? Perhaps classes can be taken in order to help people brush up on these topics. Whatever the case may be, it's clear that more should be done so that all parties have a clearer understanding of where they stand.
Wales Online posted an article about a series of questions on a GCSE standard. For those who do not know, this stands for the General Certification of Secondary Education, which is an award given to students between the ages of 14 and 16 who passed secondary education in Ireland and Wales. To put it simply, in theory, those who are above these ages should know the answers to GCSE-standard questions given to them, right? Shouldn't adults understand the questions that those who are much younger are able solve?
A number of 2,000 adults, according to the article, were given these types of questions because of the Open University Business School. There were a few topics that adults were required to focus on, ranging from the levels of income tax that was owed by certain accounts to the amounts of money that these very accounts paid. In any event, a reported average of 41% of these adults could not actually come up with the right answers. This is a point that deserves the attention of many financial authorities, including but not limited to Bob Jain.
It goes without saying that finance is a crucial topic for many adults, so the fact that certain questions couldn't be answered is concerning, to say the least. Teenagers can answer these types of questions correctly, so what does it say when adults struggle to answer these queries that are on a GSCE level? On one hand, it's pretty comforting, since Bobby Jain can rationalize that teenagers are becoming more knowledgeable on a topic that will matter tremendously later on. However, according to names the likes of Jain, many adults should be more knowledgeable about this.
It's fortunate that there are financial experts that have the ability to help various clients. However, what can adults do in order to better understand finance so that they do not have to be totally apprehensive about what they have, what they owe, or what have you? Perhaps classes can be taken in order to help people brush up on these topics. Whatever the case may be, it's clear that more should be done so that all parties have a clearer understanding of where they stand.
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