Chart 4 shows the relationship between the proportion of respondents who had experienced financial trouble, such as so-called special fraud and multiple debts, and the percentage of those who gave correct answers.3 Looking at these two by prefecture, we see a negative correlation.
In other words, the higher the financial literacy, the less likely it is to find oneself in financial  The New York Times, "EINSTEIN REVISITED," May 27, 1983. Special fraud refers to a type of fraud or extortion offense in which the offender deceives their victim, over the phone or by other means, such as into transferring money to a designated account.