Finance is one of the most important points of adult life, which goes without saying. For the most part, people understand how much money they owe and they also comprehend the idea of keeping their bank accounts on steady terrain. While the common points are known, would you be able to fare well if, for example, you were given a quiz comprised of financial questions? Bobby Jain may draw your attention to a particular study because it is likely that it leave you pretty stunned.
Wales Online published a story in regards to a number of questions set at a GSCE standard. Basically, this entails queries that are associated with the General Certification of Secondary Education, an accolade that is given to 14 to 16-year-olds that passed secondary education in Wales and Ireland alike. With this in mind, shouldn't those who are older have a clear understanding of what the answers to these questions are? On paper, it makes sense, but this does not necessarily mean that it will translate in regards to execution.
A number of 2,000 adults, according to the article, were given these types of questions because of the Open University Business School. There were a few topics that adults were required to focus on, ranging from the levels of income tax that was owed by certain accounts to the amounts of money that these very accounts paid. In any event, a reported average of 41% of these adults could not actually come up with the right answers. This is a point that deserves the attention of many financial authorities, including but not limited to Bob Jain.
Seeing as how finance is one of the most vital components of adult life, the fact that these questions couldn't be answered correctly by several people is telling. This is especially true when teenagers are tasked with answering these GSCE-standard questions and can solve them. The fact that these younger men and women can answer them correctly is comforting, in certain aspects, as Bobby Jain can support. However, names like Jain can probably agree that many adults can stand to learn more about finance in general.
To say that clients should have a clearer understanding of finance, in general, would be nothing short of an understatement. Clients should be able to attain the best level of help and it's fortunate that financial experts can help in a number of respects. With that said, is it possible that these adults can take matters into their own hands, whether it's a case of taking classes on the matter or what have you? I am sure that this will be a useful endeavor if adults treat it with the seriousness it deserves.
Wales Online published a story in regards to a number of questions set at a GSCE standard. Basically, this entails queries that are associated with the General Certification of Secondary Education, an accolade that is given to 14 to 16-year-olds that passed secondary education in Wales and Ireland alike. With this in mind, shouldn't those who are older have a clear understanding of what the answers to these questions are? On paper, it makes sense, but this does not necessarily mean that it will translate in regards to execution.
A number of 2,000 adults, according to the article, were given these types of questions because of the Open University Business School. There were a few topics that adults were required to focus on, ranging from the levels of income tax that was owed by certain accounts to the amounts of money that these very accounts paid. In any event, a reported average of 41% of these adults could not actually come up with the right answers. This is a point that deserves the attention of many financial authorities, including but not limited to Bob Jain.
Seeing as how finance is one of the most vital components of adult life, the fact that these questions couldn't be answered correctly by several people is telling. This is especially true when teenagers are tasked with answering these GSCE-standard questions and can solve them. The fact that these younger men and women can answer them correctly is comforting, in certain aspects, as Bobby Jain can support. However, names like Jain can probably agree that many adults can stand to learn more about finance in general.
To say that clients should have a clearer understanding of finance, in general, would be nothing short of an understatement. Clients should be able to attain the best level of help and it's fortunate that financial experts can help in a number of respects. With that said, is it possible that these adults can take matters into their own hands, whether it's a case of taking classes on the matter or what have you? I am sure that this will be a useful endeavor if adults treat it with the seriousness it deserves.
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