How do American millenial’s view financial literacy?
a.Among those who report having a high knowledge of personal finance, 89% answered questions about fundamental financial concepts correctly
b.More than half lack an emergency fund to cover three months’ expenses
c.Fifty-three percent report using expensive alternative financial services, such as payday loans and pawnshops
d.47% are financially fragile (defined as unable or unlikely to be able to come up with $2,000 within a month in the event of an emergency)
e.Low financial literacy has left millennial unprepared for a severe financial crisis
Answer: E. Low financial literacy has left millennial unprepared for a severe financial crisis
