We are in the middle of a pandemic. Money, and decisions about money, are critical. Knowledge of key savings, borrowing and investing concepts are a strong predictor of financial fragility. According to a recently completed research study I co-authored with Olivia Mitchell and Robert Clark, "Financial Fragility during the COVID-19 Pandemic", not knowing answers to the following questions are signs you may be financially fragile. Take this quiz to find out.
By Annamaria Lusardi, Ph.D., University Professor of Economics and Accountancy at the George Washington University School of Business. She is also a member of CNBC's Financial Wellness Advisory Council
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.