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Can Your Clients Answer the ‘Big 3’ Financial Literacy Questions?
Another finding Lusardi and Mitchell emphasize in their work is that financial illiteracy is not only widespread in the general population, but it also differs markedly across demographic groups, potentially contributing to other types of economic inequality. One table in the new report, for example, compares financial literacy levels for women and men. The pair measure a sizeable gender gap for each of the financial literacy questions separately, as well as for the overall “big three” score. Specifically, women are 8 percentage points less likely to respond to the interest rate question correctly, 10 percentage points less likely to know about inflation and 17 points less likely to be knowledgeable…
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Cruise’s CFO is navigating big plans for driverless cars
“If you go out in San Francisco, on any night, we’ve received hundreds of autos that are running without any person powering the wheel,” Bill Nash, CFO of Cruise, an autonomous car or truck company, tells me. “I get rides a large amount, almost certainly at minimum every two or three months, to see how the assistance is progressing.” Cruise, bulk owned by Standard Motors, but a thoroughly unbiased company, is primarily based in San Francisco. The firm introduced in February that its fully driverless autos have traveled over 1 million miles. In November 2021, Cruise done the initially thoroughly driverless experience in San Francisco. Considering the fact that then,…
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The Scary Big Picture of Having Less Water
BY GREG BAIRD As a society we regularly listen to the “drought warning.” Then we endure some drinking water conservation efforts and a pair of yrs afterwards anything looks to go again to regular. As a end result, we have grow to be numb to the term “drought.” Wildfires are brutal and get our speedy consideration, but we be expecting they will also burn out. Sounding alarms can get instant awareness, it’s possible some awareness and even shorter duration steps. But most of the time, serious fundamental variations, coverage reversals or epic infrastructure arranging shifts that are centered on prolonged-phrase aims are by no means obtained. As a culture, we…
