Poor math skills contribute to foreclosure, mortgage study says
Quick, what's 50 percent of $300? If you have trouble answering this question, you might want to be really careful when considering a mortgage. A new study found that people who struggle with math are more likely to end up in foreclosure than people with average math skills. Participants were given a test of five math questions. The group that couldn't answer at least two correctly was four times more likely to be in foreclosure. The really interesting part is this held true no matter what type of mortgage people had. So maybe "risky" mortgages are really only risky if you're bad with numbers? – [Source]
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Mike Gallagher
Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.
