Powered by

New Personal Finance Index Identifies Gaps In Financial Literacy Among American Adults

Mar 22, 2017 - PR Newswire

 A new annual personal finance index released today by the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) showed that 52 percent of U.S. adults surveyed could not answer more than one-half of the index questions correctly.

In contrast to previous financial literacy studies, which use a limited set of questions to test an individual's understanding of fundamental concepts, the "TIAA Institute GFLEC Personal Finance (P-Fin) Index" framed questions around real-lif...