What is financial literacy and how can a layman acquire it?

S&P Global Financial Literacy Survey asks questions across 4 areas to determine Financial Literacy. These questions are replicated below: “RISK DIVERSIFICATION Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments? read more

There are many definitions floating about, and most are based upon a knowledge and understanding of personal finance and financial institutions. Beyond Personal Finance. The public is faced with nearly two decades of struggling global economies, unemployment, and the collapse of numerous financial institutions. read more