Seeking Alpha Seeking Alpha Portfolio App for iPad  The majority
of Americans may be financially and economically illiterate.
Many have nothing, and likely will never have anything. Over 65%
of American adults have a net worth under $100,000. In
Australia, over 65% of all adults have a net worth exceeding
$100,000.  The recent 2013 Consumer Financial Literacy Survey
shows the financial literacy trends are getting worse:  In fact,
as in 2011 and 2012, many adults (40% 2013, 42% 2012, 41% 2011)
now give themselves a grade of C, D, or F on their knowledge of
personal finance, marking a statistically significant change
from 2010, when as many as nearly 2 in 3 adults (65%) gave
themselves an A or B.  Yet when we look at data, it seems like
wealth in America is growing, and recovered or recovering from
the Great Recession.  (click to enlarge)  The per capita wealth
of the average American is over $220,000 (blue line in below
graph). This is true capital building, and refutes that the
average American is not a good