Ask yourself this question: how much do you truly know about finance, in general? Yes, you may be able to save money effectively and you understand the importance of making frugal purchases so that your bank account doesn't take a tremendous brunt. However, if you were quizzed on a number of financial topics, how well do you think you'd do compared to other people? Here are a couple of shockingly knowledgeable tips that Bobby Jain could bring to your attention and they may just open a few eyes.
According to a story that was posted on Wales Online, there were a number of GSCE-standard questions answered by adults. Keep in mind that these questions are ones that are answered by individuals between the ages of 14 and 16 en route to earning their awards in General Certification of Secondary Education. As a result, it should be fair to assume that adults can answer these types of questions just as well. However, this is one of those times where a particular theory does not exactly translate in education.
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 that clients should have a clearer understanding of finance, in general, would be nothing short of an understatement. Clients should be able to attain the best level of help and it's fortunate that financial experts can help in a number of respects. With that said, is it possible that these adults can take matters into their own hands, whether it's a case of taking classes on the matter or what have you? I am sure that this will be a useful endeavor if adults treat it with the seriousness it deserves.
According to a story that was posted on Wales Online, there were a number of GSCE-standard questions answered by adults. Keep in mind that these questions are ones that are answered by individuals between the ages of 14 and 16 en route to earning their awards in General Certification of Secondary Education. As a result, it should be fair to assume that adults can answer these types of questions just as well. However, this is one of those times where a particular theory does not exactly translate in education.
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 that clients should have a clearer understanding of finance, in general, would be nothing short of an understatement. Clients should be able to attain the best level of help and it's fortunate that financial experts can help in a number of respects. With that said, is it possible that these adults can take matters into their own hands, whether it's a case of taking classes on the matter or what have you? I am sure that this will be a useful endeavor if adults treat it with the seriousness it deserves.
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