April is Financial Literacy Month. This year its importance is more apparent than ever as America faces an economic crisis largely caused by our collective failure -- from bankers, to legislators, to homebuyers -- to make smart financial choices. To highlight this lack of economic and personal finance knowledge, our organization released the startling results of a new survey which shows just how much we still don’t know.
According to our survey, the average American could not tell you what a subprime mortgage is, doesn’t know what the Dow Jones Industrial Average represents and has no idea why you might want to open a Roth IRA....