man giving presentation on finances (Photo: Getty)

Most of us would likely consider ourselves to be financially literate. But really, how honest are we being?

An Ipsos poll conducted on behalf of Money Masters finds that the average American rates themselves as moderately financially literate. However, when comparing self-reported financial literacy to the results of a financial literacy quiz, a segment of the population was discovered to be overconfident in their financial prowess. The quiz covered concepts such as risk diversification, inflation, numeracy, and compounding interest. This poll was conducted on behalf of Money Masters between September 3-9, 2021.

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