Debt Literacy, Financial Experience, and Overindebtedness ...
elderly (those older than 65)—they display the lowest amount of knowledge about interest compounding; also, more than 30% do not know the answer to a question about credit card debt. Women —their correct response rate is sometimes up to 20 percentage points lower than that of men. Those who are divorced/widowed/separated . Minorities —particularly African-Americans and Hispanics. Those ... ................
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