Financial Literacy in the United States and Its Link to Financial Wellness

Financial Literacy in the United States and Its Link to Financial Wellness

Abstract

The 2019 TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) represents the third wave of a long-term project to annually assess financial literacy among the U.S. adult population.

The P-Fin Index measures the knowledge and understanding that enable sound financial decision making and effective management of personal finances. The index relates to common financial situations that individuals encounter. The P-Fin Index is unique in its capacity to produce a robust measure of overall personal finance knowledge and a nuanced analysis of knowledge across eight areas of personal finance in which individuals inherently function.

Full content of the publication

Tags

Financial education Financial Health Financial literacy

Authors

Annamaria Lusardi

Academic Director, Global Financial Literacy Excellence Center (GFLEC)

Andrea Hasler

Web

Additional Information

Date published

01/04/2019

Document Type

Research

Geographies

Estados Unidos

Target

General

Pages

26

Source

GFLEC

Related publications

15 November 2019

Profiles and lifestyles in retirement

This study seeks to find out what the pensioners of the future will be like: how Spaniards are preparing for retirement,...

14 November 2019

Preparing baby boom generation for retirement in Spain

The aim of this research has been to find out what the knowledge, attitudes and behaviours of the so-called "baby boomer...

14 November 2019

BlackRock Global Investor Pulse: The World’s Largest Study on the Relationship Between Wealth and Well-Being

Every year, we ask people how they think and feel about their financial health. This edition of Investor Pulse was condu...