People who are bad with numbers often find it harder to make ends meet – even if they are not poor
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Date
2021-12-20
Authors
Bruine de Bruin, Wandi
Slovic, Paul
Journal Title
Journal ISSN
Volume Title
Publisher
The Conversation
Abstract
People who are bad with numbers are more likely to experience financial difficulties than people who are good with numbers. That’s according to our analyses of the Lloyd’s Register Foundation World Risk Poll. In this World Risk Poll, people from 141 countries were asked if 10% was bigger than, smaller than or the same as 1 out of 10. Participants were said to be bad with numbers if they did not provide the correct answer – which is that 10% is the same as 1 out of 10. Our analyses found that people who answered incorrectly are often among the poorest in their country. Prior studies in the United States, United Kingdom, the Netherlands and Peru had also found that people who are bad with numbers are financially worse off. But our analyses of the World Risk Poll further showed that people who are bad with numbers find it harder to make ends meet, even if they are not poor.
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1 page