Economics @ ITT

Investors woefully illiterate about finances

Posted in economics by ittecon on September 7, 2012

According to the study, regular investors also called “retail” investors “have a weak grasp of elementary financial concepts and lack critical knowledge of ways to avoid investment fraud.”

Certain subgroups, including women, African-Americans, Hispanics, the oldest segment of the elderly population, and those who are poorly educated, “have an even greater lack of investment knowledge than the average general population,” the study found.

via Investors woefully illiterate about finances, study finds – Market Day.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: