Financial Knowledge is Power

It's no wonder the American economy is in the toilet. According to a recent survey conducted by the Center for Economic and Entrepreneurial Literacy:

1. Only 47 percent surveyed knew what the Dow Jones Industrial Average is

It's an index that measures the performance of stock for 30 American companies.

2. Fifty-seven percent knew that their credit score is the most important factor in whether or not they can get approved for a loan.

3. A mere 48 percent understood that one of the primary benefits of investing in an IRA is that the contributions are tax-deductible.

If you don't find yourself in the know about these and other important financial factors, then start reading articles and doing some of your own research to bone up on your finances. It may make the difference from having a healthy financial life or a miserable one.