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

December 2017

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.

June 2017

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

March 2017

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.

Research Reports

April 2015

Difficulty covering basic expenses and costly economic practices put many college-educated Hispanics in a fragile financial state.

September 2014

This paper undertakes an assessment of a rapidly growing body of economic research on financial literacy.