The Takeaway: Personal finance beginners should start with the basics of earning, saving, spending, investing, and insuring their assets. There’s a literacy problem in this country, and it goes beyond ...

American adults have hit a new bottom in basic financial knowledge. On topics like spending, borrowing, investing, and retirement, US adults correctly answered only 47% of questions on the TIAA ...

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: ...

Average Americans scored 48% on a basic investing quiz, revealing gaps in knowledge. Those rating high confidence in investing knowledge did not score highest, hinting at overconfidence. Understanding ...

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 ...

A program that taught basic financial concepts through two-minute stories improved adults' financial knowledge, showing promise as an easy-to-implement real-world tool. Poor financial literacy is a ...

Financial education around the world has emphasized basic financial knowledge: understanding interest rates, inflation and risk diversification. This knowledge remains important as financial literacy ...