> Americans are 'financially illiterate' - survey

> Tuesday February 26, 12:42 pm ET
> By Catherine Clifford, CNNMoney.com staff writer
>
> Americans don't understand debt, which may be one reason that they have
> too much of it, according to a survey released Tuesday.

> 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...