Economic Knowledge (cont.)

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???


One Response to Economic Knowledge (cont.)

  1. Pingback: Economic Knowledge (cont.) | Surviving Yucatan

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