Question: If interest rates rise, what will typically happen to bond prices? Does it go up, down, stay the same or is there no relationship? If you answered “fall”, congratulations. You are part of just 26% of Americans who, when surveyed in 2018, answered that question correctly.
Whether or not you answered that question correctly may not seem like a big deal. But that most Americans can’t answer speaks to a bigger problem: America has a financial literacy problem.