A July 2016 study by the Financial Industry Regulatory Authority (FINRA) shows that 63 percent of Americans are unable to correctly answer more than three of five questions about basic economics and finance. FINRA’s study included more than 25,000 American adults, who represented national population in terms of age, gender, ethnicity and education. It’s no surprise then that the study also shows that 50 percent of Americans don’t have a “rainy day” fund to cover expenses for three months — in … [Read more...] about Acquiring Financial Literacy