86% of Americans, including older consumers, are digitally literate and well-equipped to use digital platforms to meet their routine banking needs Despite high rates of digital literacy, 40% of ...
Most millennials can’t answer simple financial questions correctly, according to a new nationwide survey. Only 17 percent of working Americans ages 25-40 could answer five basic financial literacy ...
Financial illiteracy costs the average American $1,015 a year. This isn’t just some abstract statistic — it’s real money lost to bad budgeting, high-interest debt, and missed chances to grow wealth.
Students benefit from practical guidance on budgeting, saving, responsible debt use, and digital finance.
Financial literacy refers to the understanding and capability to make informed and efficient decisions about personal financial resources. It encompasses the knowledge of how money works in the world: ...
Recent studies have highlighted a concerning trend regarding financial literacy among young adults aged 18-27. Notably, a collaborative study by the TIAA Institute and the Global Financial Literacy ...
Student loans. Credit cards. Buy now, pay later. Traditional IRAs, Roth IRAs, and 401(k)s. Fixed-and adjustable-rate mortgages. This list scratches the surface of complex financial decisions and ...
Generative artificial intelligence has the potential to democratize access to knowledge about financial services, but like any tool, it must be used carefully and responsibly, writes Christina Roman, ...
Balancing a checkbook. The basics of taking out a business loan. The impact of a home mortgage. For the average high school student, these don’t sound like exciting concepts. And in adulthood, they ...
76% of millennials lack basic financial knowledge. Two-thirds of Americans don’t understand basic financial concepts. For example, they can’t compute the interest on a $20,000 loan with a 10 percent ...