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 ...
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: ...
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 ...
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.
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 ...
More than a third of Irish adults struggle to grasp basic financial concepts, rising to almost 70 per cent of those aged 18 ...
Despite growing up in a world overflowing with information and complex financial systems, many members of Generation Z and ...
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 ...
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 ...