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: The 2018 TIAA Institute-GFLEC Personal Finance Index: The State of Financial Literacy Among U.S. Adults.

Insights

Also produced by the TIAA Institute, Insights features reports addressing prominent issues in financial security, higher education, and philanthropy. While typically written for a primarily non-technical audience, Insights are prepared using the same level of academic rigor found in our other research publications, and can serve as valuable sources of information for a diverse group of readers.

September 2013

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.

January 2011

New analysis reveals a stronger and larger effect of financial literacy on wealth than previously estimated.

January 2011

The findings discussed here suggest that people with lower levels of education, income, and financial literacy rely far more heavily on employers, coworkers, and friends, than they do on cost fundamentals, when choosing pension funds.

Research Reports

Original research produced by the TIAA Institute—both independently and in collaboration with noted scholars—examines topics of interest to the academic, nonprofit and public sectors. The reports combine statistical findings with thoughtful, data-driven observations and conclusions to provide in-depth analyses that are informative and appropriate for both technical and more academic audiences.

September 2018

Millennials comprise 35% of the U.S. labor force and by 2019 are expected to surpass Baby Boomers as the nation’s largest generation. So their financial capability matters greatly to the U.S. economy.

May 2018

Financial literacy undoubtedly plays an important role in decision making, but the associated mechanisms are complex and mediated by a variety of factors.

April 2018

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