Ask yourself this question: how much do you truly know about finance, in general? Yes, you may be able to save money effectively and you understand the importance of making frugal purchases so that your bank account doesn't take a tremendous brunt. However, if you were quizzed on a number of financial topics, how well do you think you'd do compared to other people? Here are a couple of shockingly knowledgeable tips that Bobby Jain could bring to your attention and they may just open a few eyes.
According to a story that was posted on Wales Online, there were a number of GSCE-standard questions answered by adults. Keep in mind that these questions are ones that are answered by individuals between the ages of 14 and 16 en route to earning their awards in General Certification of Secondary Education. As a result, it should be fair to assume that adults can answer these types of questions just as well. However, this is one of those times where a particular theory does not exactly translate in education.
The report also detailed that 2,000 adults were given these types of questions by the Open University Business School. The questions themselves required adults to figure out which savings accounts paid what, the levels of income tax associated with said accounts, and others. After all seven multiple choice answers were accounted for, it was seen that around 41% of these adults could not actually come up with the right answers. It's a point that many financial authorities, Bob Jain included, should make it a point to focus on.
It goes without saying that finance is a crucial topic for many adults, so the fact that certain questions couldn't be answered is concerning, to say the least. Teenagers can answer these types of questions correctly, so what does it say when adults struggle to answer these queries that are on a GSCE level? On one hand, it's pretty comforting, since Bobby Jain can rationalize that teenagers are becoming more knowledgeable on a topic that will matter tremendously later on. However, according to names the likes of Jain, many adults should be more knowledgeable about this.
To say the least, it's important to financial experts to understand this field so that they can help others. Clients may require help and this is where the knowledge of the experts in question can come into play, whether it is determining the money that they owe to certain parties or another subject entirely. Is it possible that classes can be taken in order to give adults a better understanding of this topic? In my view, if adults are willing to learn, they could prove to be especially useful.
According to a story that was posted on Wales Online, there were a number of GSCE-standard questions answered by adults. Keep in mind that these questions are ones that are answered by individuals between the ages of 14 and 16 en route to earning their awards in General Certification of Secondary Education. As a result, it should be fair to assume that adults can answer these types of questions just as well. However, this is one of those times where a particular theory does not exactly translate in education.
The report also detailed that 2,000 adults were given these types of questions by the Open University Business School. The questions themselves required adults to figure out which savings accounts paid what, the levels of income tax associated with said accounts, and others. After all seven multiple choice answers were accounted for, it was seen that around 41% of these adults could not actually come up with the right answers. It's a point that many financial authorities, Bob Jain included, should make it a point to focus on.
It goes without saying that finance is a crucial topic for many adults, so the fact that certain questions couldn't be answered is concerning, to say the least. Teenagers can answer these types of questions correctly, so what does it say when adults struggle to answer these queries that are on a GSCE level? On one hand, it's pretty comforting, since Bobby Jain can rationalize that teenagers are becoming more knowledgeable on a topic that will matter tremendously later on. However, according to names the likes of Jain, many adults should be more knowledgeable about this.
To say the least, it's important to financial experts to understand this field so that they can help others. Clients may require help and this is where the knowledge of the experts in question can come into play, whether it is determining the money that they owe to certain parties or another subject entirely. Is it possible that classes can be taken in order to give adults a better understanding of this topic? In my view, if adults are willing to learn, they could prove to be especially useful.
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