Financial Illiteracy

"The depth of our financial ignorance is startling," writes James Surowiecki in The New Yorker. "Many people don’t know the terms of their mortgage or the interest rate they’re paying. And, at a time when we’re borrowing more than ever, most Americans can’t explain what compound interest is."

"The difference between knowing a little about your finances and knowing nothing," Surowieki points out, "can amount to hundreds of thousands of dollars over a lifetime."

Think how many wealth managment accounts would be opened if we could convert No Nothings into Know Littles.