The Financial Industry Regulatory Authority, commonly referred to as "FINRA," is a private organization authorized to regulate all U.S. broker-dealers. In 2003, FINRA established the FINRA Investor ...
With the tectonic shift away from traditional pensions into self-directed 401(k) plans, a basic understanding of simple financial concepts becomes ever more essential. Yet one study after another has ...
86% of Americans, including older consumers, are digitally literate and well-equipped to use digital platforms to meet their routine banking needs Despite high rates of digital literacy, 40% of ...
Most millennials can’t answer simple financial questions correctly, according to a new nationwide survey. Only 17 percent of working Americans ages 25-40 could answer five basic financial literacy ...
Financial illiteracy costs the average American $1,015 a year. This isn’t just some abstract statistic — it’s real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.
Student loans. Credit cards. Buy now, pay later. Traditional IRAs, Roth IRAs, and 401(k)s. Fixed-and adjustable-rate mortgages. This list scratches the surface of complex financial decisions and ...
Financial literacy refers to the understanding and capability to make informed and efficient decisions about personal financial resources. It encompasses the knowledge of how money works in the world: ...
April is Financial Literacy for Youth month, yet a majority of college students are unable to pass a basic financial literacy quiz. A study conducted at George Washington University found that less ...
Recent studies have highlighted a concerning trend regarding financial literacy among young adults aged 18-27. Notably, a collaborative study by the TIAA Institute and the Global Financial Literacy ...
There is nothing like a crisis to illuminate the benefits of basic financial skills. A staggering number of households entered the pandemic unprepared to withstand any economic shock, let alone one of ...
Having basic personal financial skills is one of the most important things you can do to live a healthy, happy and secure life. Your level of understanding around the fundamentals of budgeting, saving ...
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