We recently issued a survey titled How Well Do Americans Understand Money? to 1,000 Americans to gauge their overall knowledge of the nation’s financial system. If our survey’s respondents are even moderately representative of the population at large (and we have a feeling that they are), there is a notable deficit in several areas of finance-specific knowledge in America.
Last year we conducted a survey of 1,000 American consumers and asked them various questions about the financial system that rules practically everything we do. When we got the results back, we were surprised to find that most people are relatively out of touch with the way that our money is created, how it circulates, and the financial systems that maintain the delicate balance between prosperity and widespread ruin.
Dollars, Bitcoin, Euros, cash. There are countless ways to refer to the entity that makes the world go ‘round, and there are even more ways to measure its worth. Whether you are exchanging it for a roof over your head or the dinner on your table, money in its many forms is the centrally defining theme that connects the world and defines the quality of our lives.