You might think you know all about money. Answer these 5 questions to find out.

Mark Hulbert

Financial literacy not only leads to better investment outcomes, it can save you time

Last Updated: June 11, 2025 at 8:31 p.m. ET
First Published: June 11, 2025 at 8:10 a.m. ET

If you’re like most people, the “Big Five” financial literacy questions at the end of this column will be a “Big Fail.”

I base this prediction on the results of a longer test of similarly-worded financial literacy questions, in which the average U.S. adult got just 49% correct. That’s according to a recently issued study jointly conducted by the TIAA Institute, the Global Financial Literacy Excellence Center (GFLEC), and Stanford University’s Initiative for Financial Decision-Making.