I HAVE SOME good news. Last week, I provided you with a test to take to determine whether you are “financially literate.”
The questions (called the “big three”) were developed by Annamaria Lusardi of the George Washington University School of Business together with Olivia Mitchell of the Wharton School of the University of Pennsylvania, The questions were described in their October 2011 paper, “Financial literacy around the world: an overview.” The big three became the worldwide industry standard for testing financial knowledge.
Julie Jason, JD, LLM, is an author and personal portfolio manager at Jackson, Grant of Stamford, Conn. She welcomes questions and comments at readers@juliejason.com.
U.S. holiday sales jumped 8.3% last year to record their best growth in at least 19 years, as consumers used their stimulus checks to splurge on gifts, the National Retail Federation (NRF) said on Friday.
NEW YORK — Stocks and oil prices fell on Friday pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar was on track to post its strongest week in over two months.
CHICAGO — The U.S. Department of Agriculture said on Friday it will pay an additional $2.3 billion in COVID-19 aid to farmers, directing more money to livestock producers suffering from disruptions in slaughtering and restaurant demand for meat.
