Doofus Nation
U.S. credit card agreements unreadable to 4 out of 5 adults
"Credit card agreements are written on average at a 12th grade reading level, making them not understandable to four out of five adults, according to a CreditCards.com analysis of all the agreements offered by major card issuers in the United States.
The average American adult reads at a ninth-grade level and readability experts recommend important information -- such as credit card agreements -- be written at that level. Only one in five adults read above a 12th-grade level."
"Credit card agreements are written on average at a 12th grade reading level, making them not understandable to four out of five adults, according to a CreditCards.com analysis of all the agreements offered by major card issuers in the United States.
The average American adult reads at a ninth-grade level and readability experts recommend important information -- such as credit card agreements -- be written at that level. Only one in five adults read above a 12th-grade level."
posted by nolocontendere at 2:02 PM
2 Comments:
Now if only they'd had done that with mortgages and home loan applications.
Haha
I think we're all guilty of not reading the fine print, actually.
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