Financial Literacy

Financial knowledge has been shown to correlate strongly with financial outcomes. So what’s the state of the nation’s financial literacy?

Procrastination keeps employees at the default contribution rate, but only in “opt-out” plans.

Procrastination keeps employees at the default contribution rate, but only in “opt-out” plans.

Highly educated people with relatively high expected lifetime earnings are often assumed to have greater financial acumen than the general population. But is this a safe assumption?

Economists typically gauge the value of financial education by examining how it affects consumer behaviors. But the best financial choices for consumers depend on a mix of objective facts and subjective judgments – and one size rarely fits all.

Using data from the first wave of the TIAA Institute-GFLEC Personal Finance Index, this report examines financial literacy among Hispanic adults in the United States.

Financial communications can be complex, making misinterpretation likely. This study takes an in-depth look at how people process – and act upon – financial information.

Financial communications can be complex, making misinterpretation likely. This study takes an in-depth look at how people process – and act upon – financial information.

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.