Is it possible that you know all of the important facts tied to finance? I am sure that you have a clear understanding of what you owe and how to best keep your bank account in the green. With that said, let's say that you were actually quizzed on finance, in general; how well, do you think, you would fare? According to a recent article, it seems like there are a couple of shocking statistics to consider and Bobby Jain may be able to attest to this.
Wales Online published a story in regards to a number of questions set at a GSCE standard. Basically, this entails queries that are associated with the General Certification of Secondary Education, an accolade that is given to 14 to 16-year-olds that passed secondary education in Wales and Ireland alike. With this in mind, shouldn't those who are older have a clear understanding of what the answers to these questions are? On paper, it makes sense, but this does not necessarily mean that it will translate in regards to execution.
A number of 2,000 adults, according to the article, were given these types of questions because of the Open University Business School. There were a few topics that adults were required to focus on, ranging from the levels of income tax that was owed by certain accounts to the amounts of money that these very accounts paid. In any event, a reported average of 41% of these adults could not actually come up with the right answers. This is a point that deserves the attention of many financial authorities, including but not limited to Bob Jain.
It goes without saying that finance is a crucial topic for many adults, so the fact that certain questions couldn't be answered is concerning, to say the least. Teenagers can answer these types of questions correctly, so what does it say when adults struggle to answer these queries that are on a GSCE level? On one hand, it's pretty comforting, since Bobby Jain can rationalize that teenagers are becoming more knowledgeable on a topic that will matter tremendously later on. However, according to names the likes of Jain, many adults should be more knowledgeable about this.
To say the least, it's important to financial experts to understand this field so that they can help others. Clients may require help and this is where the knowledge of the experts in question can come into play, whether it is determining the money that they owe to certain parties or another subject entirely. Is it possible that classes can be taken in order to give adults a better understanding of this topic? In my view, if adults are willing to learn, they could prove to be especially useful.
Wales Online published a story in regards to a number of questions set at a GSCE standard. Basically, this entails queries that are associated with the General Certification of Secondary Education, an accolade that is given to 14 to 16-year-olds that passed secondary education in Wales and Ireland alike. With this in mind, shouldn't those who are older have a clear understanding of what the answers to these questions are? On paper, it makes sense, but this does not necessarily mean that it will translate in regards to execution.
A number of 2,000 adults, according to the article, were given these types of questions because of the Open University Business School. There were a few topics that adults were required to focus on, ranging from the levels of income tax that was owed by certain accounts to the amounts of money that these very accounts paid. In any event, a reported average of 41% of these adults could not actually come up with the right answers. This is a point that deserves the attention of many financial authorities, including but not limited to Bob Jain.
It goes without saying that finance is a crucial topic for many adults, so the fact that certain questions couldn't be answered is concerning, to say the least. Teenagers can answer these types of questions correctly, so what does it say when adults struggle to answer these queries that are on a GSCE level? On one hand, it's pretty comforting, since Bobby Jain can rationalize that teenagers are becoming more knowledgeable on a topic that will matter tremendously later on. However, according to names the likes of Jain, many adults should be more knowledgeable about this.
To say the least, it's important to financial experts to understand this field so that they can help others. Clients may require help and this is where the knowledge of the experts in question can come into play, whether it is determining the money that they owe to certain parties or another subject entirely. Is it possible that classes can be taken in order to give adults a better understanding of this topic? In my view, if adults are willing to learn, they could prove to be especially useful.
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