<div> </div> <div><STRONG><FONT size=5><SPAN class=t>Americans are 'financially illiterate' - survey</SPAN><BR></FONT></STRONG><SPAN class=tt>Tuesday February 26, 12:42 pm ET</SPAN> <BR><SPAN class=au>By Catherine Clifford, CNNMoney.com staff writer</SPAN> </div> <div> <DIV class=ar>Americans don't understand debt, which may be one reason that they have too much of it, according to a survey released Tuesday. <div>The survey presented 1,000 people with a hypothetical scenario about credit card debt and asked them to compute how long it would take to pay it off. Only 35.9% of the 1,000 respondents could figure out how many years it would take for the amount they owe on their credit cards to double. A full 18.2% did not know how to respond and 31.9% of those surveyed over-estimated the timeframe.</div></DIV> <div> </div> <div><A
href="http://biz.yahoo.com/cnnm/080226/022608_financial_illiteracy.html?.v=6&.pf=banking-budgeting">http://biz.yahoo.com/cnnm/080226/022608_financial_illiteracy.html?.v=6&.pf=banking-budgeting</A></div><p> 
<hr size=1>Never miss a thing. <a href="http://us.rd.yahoo.com/evt=51438/*http://www.yahoo.com/r/hs"> Make Yahoo your homepage.</a>