It’s not simply America. New knowledge present individuals everywhere in the globe don’t perceive fundamental ideas of funding and inflation. Suzanne Woolley writes on Bloomberg:

Most on-line quizzes are comparatively senseless, promising to disclose which vegetable, sandwich or rock band finest represents your persona. That was not the case for a brief on-line check given to 16,000 individuals in 15 international locations this 12 months. It revealed simply how unprepared chunk of the world is for retirement. The three-question check, given as a part of the Aegon Retirement Readiness Survey 2018, measured how effectively individuals perceive fundamental monetary ideas. Most of the members failed the quiz, with massive potential penalties for his or her future safety.

Past the sobering lack of economic literacy, there have been some reasonably curious knowledge in Aegon’s annual survey, printed on Tuesday. For instance, some 20 % of employees surveyed in China envisioned spending retirement with a robotic companion. However earlier than we get to that, check out this query — which solely 45 % of individuals all over the world obtained proper: The potential solutions? True, false, have no idea and refuse to reply. Sixteen % of individuals obtained it mistaken. “Have no idea” was chosen by 38 %. Within the U.S., 46 % of employees obtained it proper. Good for you, America — although Germany beat you handily. (The reply, in case you had been questioning, is fake.) It was an inflation query that had the best share of mistaken solutions, nonetheless. Greater than 20 % of employees didn’t grasp how greater inflation hurts their shopping for energy. Provided that declining well being was the most-cited retirement fear, at 49 %, and well being care is an space (within the U.S., particularly) with excessive price inflation, effectively, that makes the topic one thing older of us ought to have down chilly.