It by no means rains till it pours! Money Crashers has posted more of my backlogged articles inside the beyond 24 hours. The first one is on economic literacy ? Or, where Americans are concerned, the shortage thereof. It appears that Americans get failing grades on many assessments of essential economic understanding. In one very fundamental test furnished in the British newspaper The Guardian, simplest 64% of Americans might also want to reply the five simple questions successfully. On a comparable quiz administered thru FINRA, the common respondent got most effective three questions out of six correct.
This lack of monetary literacy indicates within the common American's monetary state of affairs. Most Americans have incredible debt, and huge numbers have immoderate-hobby purchaser debt. Only approximately half of us have an emergency fund, and much much less than half of are saving enough for retirement. In these kinds of regions, our lack of economic literacy is maintaining us again.
For parents that don't want to be a part of the ones sorry facts, this newsletter offers a rundown of what monetary literacy way, why it topics, and the way to beautify yours.
How to Increase Your Financial Literacy & IQ – Why It Matters
The second article is a companion to my earlier piece on the gender wage gap. That one talked about how much less women earn compared to men, and why. This one is about how much women spend compared to men — in many cases, for basically the same products.
This phenomenon, known as the "pink tax," has been in the news lately. CBS ran a story in June about how New York is considering a law to abolish the pink tax, and NPR's "The Indicator" podcast did an episode on it in August as part of a series on the gender gap. So my article on the topic arrives just in time to help you identify the products women pay more for than men — and, where possible, figure out how to pay less.
Pink Tax: 9 Things Women Pay More for Than Men (and How to Save)
