Here’s a map of financial literacy:

financial literacy around the world
Taken from this report.

I’ve written about this particular survey before. And my question remains the same: does this map show that financial literacy is lower in emerging markets, or rather that the survey was asking the wrong questions?

Spoiler alert: my bet is the latter. Which I explained here.

Rolling Alpha posts opinions on finance, economics, and sometimes things that are only loosely related. Follow me on Twitter @RollingAlpha, and on Facebook at Also, check out the RA podcast on iTunes: The Story of Money.