Financial illiteracy at 'dangerous levels', putting assets, savings at risk

Updated May 15 2019 - 1:58pm, first published 1:55pm
TOO COCKY BY HALF: People tend to be overconfident of their financial knowledge and skills, according to the report.
TOO COCKY BY HALF: People tend to be overconfident of their financial knowledge and skills, according to the report.

THE financial illiteracy of Australians aged over 55 is at "dangerous levels", with only seven per cent correctly answering three simple questions posed in a new study.

Get the latest Senior news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.