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Abnormal Returns: Winning Strategies from the Frontlines of the Investing Blogosphere by Tadas Viskanta

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Smarter Media Consumption

BY ALL ACCOUNTS, THE STATE OF FINANCIAL LITERACY IN THE United States is atrocious. A recent report by Annamaria Lusardi shows that Americans fail in large numbers to do even the most basic financial planning, such as saving for college or retirement. Even more troubling is that the majority of Americans fail to understand some of the most basic concepts in economics and finance.1

Maybe we shouldn’t feel all that bad, because further research by Lusardi and Mitchell shows financial illiteracy is widespread in other ...

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