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

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


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


Financial education Financial Health Financial literacy


Paul J. Yakoboski

Senior Economist at TIAA

TIAA Institute

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


Additional Information

Date published


Document Type



Estados Unidos







Related publications

26 June 2020

OECD/INFE 2020 International Survey of Adult Financial Literacy

Twenty-six countries and economies across three continents (Asia, Europe and Latin America), including 12 OECD member co...

24 June 2020

Taking the COVID-19 temperature in emerging markets: A dipstick survey to draw early insights about impact on Livelihoods

The COVID-19 pandemic is having impact on Livelihoods. As the US stock market plummeted wiping out US$12 trillion in glo...

9 June 2020

Peru | Financial health shapes consumer welfare

The ability to cope with financial shocks from one's own resources is called financial vulnerability. It is measured as ...