An economist at Georgetown put together a quiz to measure baseline knowledge about financial literacy. Among respondents 50 and older, only half of them got the first two answers right. "If you're not talking about money at all, where are you supposed to learn this?" asks David Frum.
What’s the connection between conversations about money and financial literacy? Could the taboo against talking about your salary be fading? And why did Angie’s teenage daughter call Vanguard to learn about I.R.A.s?