Financial Literacy

Many healthcare sector employees have made changes to their retirement saving and investments since the onset of COVID-19. Nonetheless, confidence in the amount they are saving and in the investment of their savings has been shaken.

Precarious financial behaviors, coupled with low financial literacy, have left many millennials ill-equipped to face a severe economic crisis.

Americans’ financial literacy, while remaining low overall, has improved slightly in recent years. 

The financial decisions of millennials—defined as individuals age 18 to 37 in 2018—will likely affect the U.S. economy for the next 30 years.

This report uses the third wave of the P-Fin Index to examine the current state of financial literacy and financial wellness among African-American adults.

Achieving and maintaining financial well-being is a goal of many individuals. Increasingly, it’s a goal employers have for their workforce, as well.

Can financial advice serve as an effective substitute for financial literacy? It all depends on the investor.

Can financial advice serve as an effective substitute for financial literacy? It all depends on the investor.

Many Americans lack the personal finance knowledge needed for sound financial decision making.