• Asked to grade their financial literacy, 34 percent of survey respondents gave themselves a C or lower.
  • One-third of adults do not put any of their income toward retirement savings, up 5 percent from the 2008 survey, and 30 percent say they have no savings at all.
  • Faced with an emergency 25 percent say they would use their credit card and 29 percent would take out a loan.
  • 28 percent of respondents do not pay bills on time, and 40 percent carry credit card debt over each month.

Source: National Foundation for Credit Counseling

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.