GERMANS ARE ECONOMIC AND FINANCIAL ILLITERATES, SAYS STUDY


Germans do not understand basic facts of economics and finance, a study has found.

http://www.faz.net/aktuell/wirtschaft/die-deutschen-haben-eine-wissensluecke-bei-der-wirtschaft-14210013.html

A study of 1300 people found “serious deficits in knowledge about economic facts, concepts and causal relationships.”

The study concluded that much of the population are economic and financial illiterates. This, of course, makes them easy targets for con artists in banks and governments.

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