Financial Literacy

Financial Literacy icon
Financial capability improves retirement outcomes

Financial literacy is as important as schooling in building wealth and retirement income. The TIAA Institute focuses on such issues as the importance of financial literacy, the financial literacy of all Americans, as well as special groups such as Hispanics, women and Gen Y. 

Learn about our new P-Fin Index here: TIAA Institute-GFLEC Personal Finance (P-Fin) Index: A New Measure of Financial Literacy.

Insights

Improvements in the overall economy between 2012 and 2015 have enhanced working women’s short-term financial position. But their long-term financial status and levels of financial knowledge have changed very little.

Hispanics are a distinctive demographic that is younger than the general population, changing rapidly and marked by a unique set of challenges. Moreover, by 2065 they are expected to make up nearly a quarter of the nation’s population.  

On September 20, 2013, the TIAA-CREF Institute convened an expert symposium to examine Gen Y financial engagement. Generation Y is the largest generation in U.S. history.

Research Reports

How well individuals navigate life’s financial decisions is dependent, at least in part, on their knowledge and understanding of personal finance. The Personal Finance Index offers unique insights concerning Americans’ capacity for sound financial management and decisionmaking.

Improvements in the overall economy between 2012 and 2015 have enhanced working women’s short-term financial position. But their long-term financial status and levels of financial knowledge have changed very little.

Gen Y is the largest, most educated and ethnically diverse demographic group in U.S. history, projected to make up 75% of the world’s workforce by 2050.