Understanding, managing, saving, spending and investing money wisely are key components of many adults' definitions of financial literacy. More than one-half of U.S. adults are familiar with financial literacy concepts. Less than 30% of U.S. adults view their personal financial knowledge as very good or better. Investing, retirement planning and taxes are the financial areas in which U.S. adults feel they need the most guidance. Spending, insurance, lending/borrowing and banking are financial areas for which adults feel they need the least help.
Categories:
Financial Literacy,Adults
Reporting Pub:
Networks Financial Institute at Indiana State University
Reporting Date:
8/1/2007
Article
Title:
National Adult Financial Literacy
Article
Author:
David Godsted and Martha Henn McCormick
Pub's Source:
Networks Financial Institute at Indiana State University
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