Surprising, and yet nothing new (Score 2, Informative)

I hadn't heard of any studies being done to examine the literacy required to do things like "understand credit card applications". I was, however, aware of the astonishing fact that MANY current college students will go the rest of their lives without ever again reading a book. This research came out maybe 4 years ago indicating that in fact MOST college students (something on the order of 60%) go through school, even graduate with high marks and honors, without ever reading a book. Additionally, it was reported that many of these non-readers would in fact live out the rest of their lives without ever reading a book.