The State of U.S. Financial Capability: The 2018 National Financial Capability Study

The State of U.S. Financial Capability: The 2018 National Financial Capability Study

Abstract

The FINRA Foundation’s National Financial Capability Study (NFCS) is designed to understand and measure a rich, connected set of perceptions, attitudes, experiences, and behaviors across a large, diverse sample in order to provide a comprehensive analysis.

Financial capability encompasses a combination of knowledge, resources, access, experience, and habits. In 2018, ARC Research and the FINRA Foundation conducted a fourth wave of the NFCS. As with previous waves, the 2018 NFCS has been updated to include new questions on timely, critical topics, while maintaining measures to track comparisons over time.

Full content of the publication

Tags

Financial capability Financial education Financial literacy

Authors

Judy T. Lin

Christopher Bumcrot

Tippy Ulicny

Gary Mottola

Gerri Walsh

Robert Ganem

Christine Kieffer

Annamaria Lusardi

Academic Director, Global Financial Literacy Excellence Center (GFLEC)

Web

Additional Information

Date published

01/06/2019

Document Type

Research

Geographies

United States

Target

General

Pages

45

Source

FINRA

Related publications

14 November 2019

Smarter Financial Education

This report presents five key findings for financial education, drawn from the IOSCO/OECD joint report “The Applicatio...

14 November 2019

OECD/INFE Report on Financial Education in APEC Economies

This report presents an overview of recent evidence and developments on financial education policies and initiatives in ...

4 October 2019

Financial Literacy Gap: Empowering teachers to support the next generation

The wealth gap in the United States is threatening Americans’ aspirations for social advancement and equal opportunity...