The US Scores Low in Financial Literacy

Standard & Poor's and McGraw Hill Financial Inc recently conducted an international study of financial literacy rates. Sadly, the United States did not come out looking great.

AcocuntingWeb.com writes up the results:

Slightly more than half (57 percent) of adults would be considered as such. In fact, the United States did not make the cut for countries with the highest financial literacy rates. Those honors went to Australia, Canada, Denmark, Finland, Germany, Israel, the Netherlands, Norway, Sweden, and the United Kingdom, where 65 percent of their adults are financially literate.