Navigation Links
Math Skills Boost Couples' Financial Worth: Study
Date:11/11/2010

THURSDAY, Nov. 11 (HealthDay News) -- Middle-aged couples with good "numeracy" skills are wealthier than those who aren't as good with numbers, researchers report.

Numeracy -- the ability to reason with numbers and other mathematical concepts -- is a skill that is typically learned in school, according to the RAND Corporation researchers who analyzed data from married couples, aged 50 and older, in the U.S. Health and Retirement Survey.

The investigators found that couples in which both spouses correctly answered three numeracy-related questions had an average of $1.7 million in household wealth, compared with $200,000 for couples where neither spouse answered any questions correctly.

"We examined several cognitive [thinking] skills and found that a simple test that checks a person's numeracy skills was a good predictor of who would be a better family financial decision maker," James P. Smith, a co-author of the study and Distinguished Chair in Labor Markets and Demographic Studies at the RAND Corporation, said in a RAND news release.

Among the other findings:

  • As the numeracy score of each spouse rose, there was an increase in the percentage of stocks in the family's financial portfolio.
  • In 62 percent of the households, the man was the financial decision maker. This was particularly true when the husband was older and more educated than his wife.
  • Even when a husband scored zero in his numeracy test, there was a 50-50 chance he would be the financial decision maker in the home.
  • Families in which the wrong person was chosen as the primary financial decision maker had lower total household wealth.

The study findings are published in the November issue of the Economic Journal.

The RAND Corporation is a nonprofit research organization.

More information

MyMoney.gov is a U.S. government Web site dedicated to teaching Americans about finances.

-- Robert Preidt

SOURCE: RAND Corporation, news release, Nov. 10, 2010


'/>"/>
Copyright©2010 ScoutNews,LLC.
All rights reserved  

Related medicine news :

1. Electrical Brain Stimulation May Boost Math Skills
2. UM researchers are studying child-mother interactions to design robots with social skills
3. Elsevier/MC Strategies and AORN launch perioperative nursing skills collection
4. Overseas nurses feel their skills are underused and they arent valued or respected
5. Wii-like technologies may help stroke survivors improve communication skills
6. Growing up without sibs doesnt hurt social skills
7. Brain Stimulation Seems to Boost Language Skills in Alzheimers Patients
8. Summer Vacation May Set Back Kids Language Skills
9. Common Alzheimers medication helps skills necessary for safe driving
10. New Online Fire Officer and Hazmat Courses Focused On Keeping Skills Current
11. Global LMS Provider CERTPOINT Systems Welcomed as Sponsor of Learning and Skills Group
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Math Skills Boost Couples' Financial Worth: Study
(Date:6/24/2016)... , ... June 24, 2016 , ... People across the ... Genome magazine’s Code Talker Award, an essay contest in which patients and their families ... to be presented at the 2016 National Society of Genetic Counselors (NSGC) Annual Education ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... is proud to recognize Dr. Barry M. Weintraub as a prominent plastic surgeon ... beautiful women in the world, and the most handsome men, look naturally attractive. ...
(Date:6/24/2016)... Frederick, Maryland (PRWEB) , ... June 24, 2016 ... ... Mid-Atlantic Angels is actively feeding the Frederick area economy by obtaining investment capital ... support over the past 2½ years that have already resulted in more than ...
(Date:6/24/2016)... ... June 24, 2016 , ... Venture Construction Group (VCG) ... held on June 20th at the Woodmont Country Club at 1201 Rockville Pike, ... organization dedicated to helping service members that have been wounded in battle and their ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... supporting the upcoming 2016 Miss Arizona pageant as its official Medspa Sponsor. Dr. ... Tempe, Mesa, and Chandler, Arizona. , Dr. Olson says the decision to ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016  American Respiratory Labs (ARL), a ... now able to perform sophisticated lung assessments in patients, homes, thanks ... Inc. Patients are no longer limited to having ... PRO ® , ARL patients like Jeanne R. of ... the comfort of her own home. ...
(Date:6/24/2016)... June 24, 2016 According to ... Type (Standard Pen Needles, Safety Pen Needles), Needle Length ... Growth Hormone), Mode of Purchase (Retail, Non-Retail) - Trends ... report studies the market for the forecast period of ... USD 2.81 Billion by 2021 from USD 1.65 Billion ...
(Date:6/24/2016)... , Belgium , June 24, ... VNRX), today announced the appointment of Dr. ... Directors as a Non-Executive Director, effective June 23, ... Audit, Compensation and Nominations and Governance Committees.  As ... Futcher will provide independent expertise and strategic counsel ...
Breaking Medicine Technology: