• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

Study: Nearly Two-Thirds of Americans Financially Illiterate

July 12, 2016 Leave a Comment

A new study by the FINRA Foundation estimated that nearly two-thirds of Americans couldn’t pass a basic financial literacy test. The study, which surveyed 27,564 Americans from June through October of last year, also showed that even eight years after the financial crisis, significant segments of the population, including African-Americans, Hispanics, women, Millennials, and people lacking a high school education are still worse off then before the recession. “This research underscores the critical need for innovative strategies to equip consumers with the tools and education required to effectively manage their financial lives,” said FINRA Foundation Chairman Richard Ketchum. “My hope is that policymakers, researchers, and advocates will use these findings to make more informed decisions about how to best reach underserved populations.” (time.com)

Related

Leave a Comment Cancel reply

Must Read

  • What's the Recommended Temperature for Vacant Home in Winter?
  • How to Cash Out Pension Plan Early
  • How to Refinance a Paid Off Car
  • The Best Investment Advice You’ll Never Get
  • Amazon Cash: Now You Can Pay With Cash on Amazon
  • Americans Have Never Been In So Much Debt
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Guide On How To Do A Backdoor Roth IRA
  • 61% Now Living Paycheck to Paycheck
  • What To Do If You Did An Unplanned Backdoor Roth

Recent Posts

  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers
  • Survey: 7 In 10 Americans Living Paycheck To Paycheck
  • Fed May Issue Digital Currency
  • Best Pen for Your Money

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2022 · Personal Finance News