For most Americans, financial capability, stability and confidence are no longer improving: study
Study finds both the amount and quality of financial education correlates positively with healthy financial behaviors.
By Michael S. Fischer|July 16, 2019 at 02:30 PM|The original version of this story was published on ThinkAdvisor
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The latest findings from the FINRA Foundation’s National Financial Capability Study suggest that key measures of Americans’ financial capability may have plateaued after six year of substantial improvements. For the majority of Americans, financial capability, stability and confidence are no longer improving in step with the economy.
The NFCS was first conducted in 2009 and then repeated every three years, its aim to benchmark key indicators of financial capability and evaluate how these indicators vary with underlying demographic, behavioral, attitudinal and financial literacy characteristics.
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