Building a Financially Capable America Through Education and Research

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.

New research from the FINRA Foundation used data from the State-by-State NFCS to examine the financial health of Gen Xers. The findings suggest that while overall, Gen Xers reported good financial health given their life stage, few Gen Xers reported positive feelings about their financial situation.