Building a Financially Capable America Through Education and Research

This brief from researchers at the FINRA Foundation, the University of Minnesota, and RTI International finds that engaging in everyday activities—such as opening junk mail, answering unknown calls, and interacting with telemarketers—is tied to a greater likelihood of fraud victimization among older adults. 

This brief by the FINRA Foundation and FiCycle finds that offering a “don’t know” response leads to lower scores on financial knowledge assessments, likely underestimating people’s true financial knowledge. Separately, we found those who selected “don’t know” more often tended to exhibit fewer positive financial behaviors than those who did not.”

New research by the FINRA Foundation used data from NORC’s AmeriSpeak panel to examine how consumers think about investment risk. The findings suggest that while a large majority (80 percent) have at least a basic understanding of investment risk, just over half (55 percent) are able to recognize risk-mitigation strategies.