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A large portion of Americans do not have the requisite personalfinance knowledge that lets them make sound financial decisions, according to a newstudy.

Fifty-two percent of U.S. adults correctly answered questions onthe 2020 edition of the Personal Finance Index commissioned by theTIAA Institute and the Global Financial Literacy Excellence Center(GFLEC) at The George Washington School of Business. Additionally,53% of the adult respondents answered at least half of thequestions correctly.

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David Thomas

I'm a reporter covering the business of law, with an emphasis on national and global law firms for The American Lawyer, Law.com and other ALM publications.