Wednesday, April 9, 2008 | 8:03 a.m.
The Associated Press reports that high school seniors, on average, answered correctly only 48.3 percent of questions about personal finance and economics, according to a nationwide survey released Wednesday by the Federal Reserve. That was even lower than the 52.4 percent in the previous survey in 2006 and marked the worst score out of the six surveys conducted so far. And with home foreclosures at a record high, the scores indicate young people need to be better prepared to make sound investment decisions in buying a home, says Fed Chairman Ben Bernanke.
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