Last year we set out to understand how well American’s understood money with our Perceptions of Money and Banking 2019 Report.
Did they know what the US dollar was backed by? Did they understand fractional banking? Our results weren’t all that surprising. Many didn’t understand the basics of how our financial system worked. Our intention of doing this study wasn’t just to prove people didn’t understand money — it was to set a benchmark report that would be measured year over year.