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

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.

April 2009

Are individuals are well equipped to make financial decisions, i.e., do they possess enough financial literacy to function effectively in today’s complex marketplace?

January 2008

There is considerable evidence that many Americans do not possess the essential knowledge needed to develop realistic retirement goals along with the saving and investment strategies necessary to attain their retirement goals.

Research Reports

October 2017

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.

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

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.