Is it time to prioritize financial literacy over other skills?
April 30, 2022
The finding of the new study from TIAA Institute and GFLEC states that, ” When it comes to a working knowledge of finance, those with decades more experience are only slightly more literate than those in their 20s”.
The survey they conducted this year represents the sixth year in a row in which the researchers have measured U.S. adults’ financial literacy. The latest P-Fin Index is 50%, which means that, on average, U.S. adults were able to correctly answer only 50% of the index questions. The P-Fin Index has remained remarkably steady since 2017, when it was 49%. It got as high as 52% in 2020.
Is there a solution for this situation? Absolutely.
Read the full article here : https://www.marketwatch.com/story/financial-literacy-is-low-across-all-generations-the-school-of-hard-knocks-is-failing-11649770017
Your guide to financial freedom : https://www.amazon.com/Ten-Commandments-Investing-Principles-Investment-ebook/dp/B08LVSMHMC