Econ Journal Watch reports some interesting findings from a 2008 survey of 4,835 American adults: Economic Enlightenment… as reported here on Surviving Yucatan as: Economic IQ & Political Ideology
This article offers additional results for economic knowledge as correlated with political/religious/Nascar/Walmart affiliations from the same study. The first article on Economic Knowledge describes the study’s questions and how self-described Progressives and Liberals scored the worse than 80 other groups on a simple 8 question quiz on basic Economics and Finance: where Progressives and Liberals scored far worse (typically 2X – 4X worse) than all 80 other groups, performing better than only Green Party members.
Almost all of these results had Standard Errors of less than +/- 1% (as a single percentage point) of actual variation.
The Average % wrong answers was 37% +/- 0.4% wrong, so, the reader can compare the numbers below, determining if individual %’s were better than (less than) the 37% Average or worse than (greater than) the 37% Average wrong.
Continuing from the first Surviving Yucatan article on Economic Knowledge (where % wrong shows a lack of economic and fiscal knowledge).
Suburban & Rural Participants (35% wrong) vs Large and Small City Dwellers (39% wrong).
2008 Presidential Voting Record: Obama Voters (58% wrong), Nader Voters (61% wrong), McCain voters (20% wrong)
Political Party: Democrats (57% wrong), Republican (20% wrong), Independent (38% wrong), Libertarian (16% wrong), Green (74% wrong).
Self Identified Race: White (37% wrong), African American (53% wrong), Asian / Pacific (32% wrong), Arab American (39% wrong), Latino/Hispanic (41% wrong).
Self Identified Religion: Catholic (34% wrong), Protestant (30% wrong), Jewish (44% wrong), Muslim (41% wrong), Atheist (24% wrong), Other/No Affiliation (51% wrong)
Regular Attendance of Religious Worship: At least once a week (29% wrong), Rarely (39% wrong), Never (48% wrong).
Union Membership in the Household: Union Member in Household (45% wrong), No/Not Sure (36% wrong)
Marital Status: Married (34% wrong), Single (43% wrong), Div/Wid/Separated (43% wrong),
Civic Union/Domestic Partnership (51% wrong)
Resident of: “My City/Town” (36% wrong), “America” (28% wrong), “The Planet Earth” (57% wrong)
Member of Armed Forces in Household: Yes (33% wrong), No (38% wrong)
Nascar Fan: Yes (30% wrong), No (43% wrong)
Shop at Walmart: Every Week (28% wrong), Few Times per Month (31% wrong), Few Times per Year (37% wrong), Never (53% wrong)
Gender: Male (33% wrong), Female (45% wrong)
So, it appears that Walmart Shopping, Rural, McCain voting Libertarian, White, Male, Atheist, Non-Union, Military Supporting, Married, Nascar Fans have the highest levels of economic and fiscal knowledge and
City Living, Union Supporting, non-Military, Non-Religious, Unmarried African American Women who are Residents of the Planet Earth, who also avoid Walmart like the Plague are the least economically and fiscally aware???
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