The 2022 TIAA Institute-GFLEC Personal Finance Index
How financial literacy varies among U.S. adults
Financial literacy is knowledge and understanding that enable sound financial decision making and effective management of personal finances. An individual’s financial well-being depends, at least in part, on his or her financial literacy.
The annual TIAA Institute-GFLEC Personal Finance Index (P-Fin Index), now in its sixth year, provides a robust measure of overall financial literacy across the U.S. adult population, plus a nuanced analysis of functional knowledge in eight areas. The survey also includes indicators of financial well-being.
This year’s P-Fin Index survey was completed online in January 2022 by a sample of 3,582 U.S. adults, ages 18 and older. Asian, Black and Hispanic Americans were oversampled, as was Gen Z. The data were weighted to be nationally representative.
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