Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Any pointer to get a sense of average "Joe"'s financial literacy info?
Start by assuming he has none and that he's behind the eight ball right from the start.
That he hasn't put anywhere near enough into the saving/investment commitment we all need to do
and that whatever his housing costs might be they're far too much of his net income.
But he probably drives a nice car.
Is an average "Joe" aware of financial principles and concepts such as financial planning, compound interest, managing debt, profitable savings techniques (CD?) and the time value of money etc... ?
Is there any federal agency that publishes such info based on survey something?
The average Joe spends his excesses when he's doing well, and curses that he has no savings (and nothing to save) when he's not.
The average Joe values "that city job" which he may or may not get, that will have him "set for life" with a pension and healthcare into retirement.
Public sector employment is about the ceiling of aspiration for the average Joe.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
