How far the accusation of lewdness brought against them is just is hard to say, but they seem to have been a really serious peril to the nation.
The possession of knowledge and understanding of financial matters. Financial literacy is mainly used in connection with personal finance matters. Financial literacy often entails the knowledge of properly making decisions pertaining to certain personal finance areas like real estate, insurance, investing, saving (especially for college), tax planning and retirement.
Despite many efforts to boost knowledge, studies show that most people don't understand rudimentary principles of finance and investing. Even well-educated and upper-income Americans often have poor financial literacy, experts say. By and large, people are pretty clueless, said Olivia Mitchell, executive director of the Pension Research Council at the University of Pennsylvania and coauthor of the study.