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Adults Need Help When It Comes to Their Knowledge of Personal Finance
Northwestern Mutual ConsumerFeature
Fully produced report in MP3 format:
48 kbps |
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(60 seconds)
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READER SCRIPT
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IF YOU THINK KIDS ARE THE ONLY ONES WHO COULD USE SUMMER SCHOOL, THINK AGAIN: ADULTS COULD USE AN ACADEMIC BOOST, WHEN IT COMES TO UNDERSTANDING THEIR PERSONAL FINANCES--ACCORDING TO A 2006 STUDY BY NORTHWESTERN MUTUAL. AMERICANS FALL SHORT WHEN IT COMES TO GRASPING IMPORTANT MONEY MATTERS--FROM SAVINGS AND INVESTING, TO INSURANCE AND RETIREMENT. THE STUDY FINDS THAT MOST AMERICANS GET A FAILING GRADE, WHEN IT COMES TO UNDERSTANDING THE STRATEGIES THAT AFFECT THEIR FINANCIAL SECURITY. WHETHER IT'S SAVING FOR COLLEGE, OR PLANNING FOR POTENTIAL LONG-TERM-CARE NEEDS, MOST ADULTS ARE NOT ARMED WITH THE KNOWLEDGE THEY NEED. TO ADDRESS THIS ISSUE, NORTHWESTERN MUTUAL HAS DEVELOPED A NEW "MONEY MALADIES" ONLINE TEST, TO HELP AMERICANS BENCHMARK THEIR FINANCIAL I-Q. THE TEST ALSO PROVIDES RESOURCES THAT CAN HELP THEM IMPROVE THEIR FINANCIAL FUTURE. LEARN MORE ABOUT THIS TEST BY VISITING "MONEY-MALADIES-TEST"-DOT-COM.
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