He! He! He! Answered all 5 questions correctly. Basic questions about interest, inflation and risk! Too many tinnies and too much sunshine addling the Aussie grey matter.
A BASIC test designed to gauge our understanding of finance is proving too hard for most Aussies — and experts say our ignorance on the subject is reaching “dangerous” levels. Embarrassingly, more than 50 per cent of Australians couldn’t answer the simple set of five questions laid out by researchers as part of the latest Household, Income and Labour Dynamics in Australia (HILDA). Best-selling author of Unf*ck Your Finances and CEO of The Money Barre, Melissa Browne said the results are not surprising because the vital subject has been neglected in Australia for decades — and it is leaving us at risk. ... (full story)