By Patrick Jenkins, includes “… For Catherine McGuinness, policy chief at the City of London Corporation, the scale of the current economic crisis will highlight the gaps in people’s financial understanding as well as exacerbating their problems. ‘At a time when national and personal finances are taking a hit, it’s more important than ever that people understand complicated concepts such as interest rates and inflation,’ she says. … The OECD found that three-quarters of those surveyed across the 26 countries could not calculate simple and compound interest correctly.”
Read the full article on: Financial Times