Colorado vs. U.S.

2018 Financial Literacy

COUS
3 or fewer correct61.266.2
4 or more correct38.833.8

Colorado vs. U.S.

% 3 or Fewer Correct

COUS
200953.757.8
201253.261.1
201560.163.1
201861.266.2
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Study participants were asked five questions covering aspects of economics and finance encountered in everyday life, such as compound interest, inflation, principles relating to risk and diversification, the relationship between bond prices and interest rates, and the impact that a shorter term can have on total interest payments over the life of a mortgage.

Individuals need at least a fundamental level of financial knowledge. This knowledge, paired with financial decision-making skills, can best ensure an individual’s financial capability.