How many people are actually financially literate?

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The screenshot is from Google which says 64% of People are financially literate however I believe the quantity is far lower than this. I'm additionally a millennial and really feel my era is extra financially literate than older generations regardless of what the Google information says however it might simply be the circle of folks that I affiliate with. And what does it imply precisely to be financially literate – does having very elementary monetary competency make somebody financially literate?

I don't by any means think about myself a monetary skilled however I really feel what I do know is above and past that of the typical individual. I'm amazed at how many individuals don't actually perceive investing, how the inventory market works, how curiosity works, amortization, what makes up their credit score rating. Folks may need a 401K and a mortgage and bank cards however don't absolutely perceive precisely what these issues are.

I’m realizing this just lately as I’m having conversations with the typical individual about Bitcoin. It's a crypto foreign money, it's a brand new asset class – What's an asset class? They simply got here out with Bitcoins ETFs – What's an ETF?

So going again to the title of the submit how many individuals are literally financially literate?