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The Perils of Internet Advice

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June 26, 2007 – Comments (2)

Yahoo! Answers scares the crap out of me. To think that people would actually turn to this "resource," rather than seek out better sources of advice... I would rather not think about it. And we wonder why foreclosures are at record rates? Savings rate increasingly negative?

Americans are financially illiterate.

2 Comments – Post Your Own

#1) On June 26, 2007 at 11:54 AM, chk999 (99.97) wrote:

I think you can remove the word "financially" from that last sentence and it is still true.

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#2) On June 26, 2007 at 12:59 PM, FoolishChemist (97.02) wrote:

I find two things very disturbing on that site: These are the questions people are asking, and the responses given are listed as "Best Answers."

I guess after seeing some of the people on Are You Smarter Than a 5th Grader, unfortunately it's not too suprising.

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