1/7/25 – (ICYMI)Financial Literacy in New Jersey – State Policy Lab at Rutgers University

(ICYMI)Financial Literacy in New Jersey – State Policy Lab at Rutgers University

July 2024 | policylab.rutgers.edu

 

How is New Jersey faring on the financial literacy front? Our inputs for the Financial Literacy Index were obtained from the FINRA National Financial Capability Study (NFCS). It shows the overall financial knowledge (interest rates, inflation, diversification, etc.), categorizes financial education attainment (formal or informal training) along with an overall understanding of financial products (mortgages, bonds, etc.). A scaled score is obtained from the NFCS inputs, with 100 representing the highest financial literacy possible.

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