The results are in: either we don’t do math, or numbers really don’t matter. Recent polls show that Americans overestimate federal spending on the Corporation for Public Broadcasting by a factor of 100, the percentage of illegal U.S. residents by a factor of six or seven, and the number of residents receiving welfare by about two.
We also underestimate the amount of spending on Social Security and Medicare. If you find this concerning, consider this: recent studies also show that even when provided with the correct information, most people won’t change their opinion. And the most misinformed tend to be the most confident.
How can people be helped to make more informed decisions if they refuse to base their decision on factual information?
Carl Bialik, "The Numbers Guy" for the Wall Street Journal
Jack Pitney, professor of government, Claremont McKenna College