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collage of head shots of various generations of people (Photo: Shutterstock)

The U.S. population now spans five generations of adults, ranging from Gen Z adults born as recently as 2002, to those in the Silent Generation, born in 1945 or earlier – with millennials, Gen X, and boomers in between. Each generation exhibits varying degrees of financial literacy. So which generation is the most financially literate?

According to the 2021 TIAA Institute-GFLEC Personal Finance Index, “Unfortunately, low levels of financial literacy are common among each generation of U.S. adults. This is problematic across life stages since significant financial decision-making occurs across life stages.”

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