I HAVE SOME good news. Last week, I provided you with a test to take to determine whether you are “financially literate.”

Julie Jason's Your Money column sig

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.

Friday, January 15, 2021