A Monopoly club at a library is used to teach financial literacy to teenagers.
ASTRID RIECKEN | The Washington Post | Getty Images
Americans are still receiving a failing grade at personal finance, according to the latest results from an annual study. And it could not come at a worse time, with the coronavirus pandemic causing massive market volatility, job and income losses compiling at an unprecedented clip, and a level of financial stress for Americans not experienced since 2008.
Just take one question that seems copied out of a maddening college entrance exam math section but can help explain our biggest personal finance weakness.
Can you answer it?
Investment A will deliver a return of either 10% or 6%, with each outcome equally likely. Investment B will deliver a return of either 12% or 4%, with each outcome equally likely. You can expect to earn more by investing in which?
There’s only one right answer: It does not matter which investment you choose, because each outcome is as…