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

Paul J. Yakoboski

Senior Economist at TIAA

TIAA Institute

The George Washington University School of Business and Global Financial Literacy Excellence Center (GFLEC)

Web

Additional Information

Date published

01/04/2019

Document Type

Research

Geographies

Estados Unidos

Target

General

Pages

26

Source

GFLEC

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