9/20/22- Are Americans Getting Financially Dumber? It’s Hard to Say
- September 20 2022
- By: info@njcfe.org
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Are Americans Getting Financially Dumber? It’s Hard to Say
September 11, 2022 | money.yahoo.com
Financial literacy in this country has steadily declined over the last 12 years, according to a recent study, but the root cause remains elusive.
In 2021, the average respondent correctly answered 2.6 out of 5 financial literacy questions, according to the findings from the FINRA Foundation National Financial Capability Study that surveyed nearly 30,000 U.S. adults, down from 3.0 out of 5 questions in 2009. High financial literacy was considered answering more than 3 correctly.
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