Building a Financially Capable America Through Education and Research

The study analyzes owners of non-retirement investments and finds that few have advanced investment literacy, which is defined mainly by understanding risk-related concepts rather than knowing basic financial terms alone.

A new study by researchers at USC, Montana State University and the FINRA Foundation found that taking financial literacy assessments on a smartphone reduces scores, potentially explaining some of the apparent decline in Americans' financial knowledge scores over the past 15 years

New FINRA Foundation and RAND research examines which fraud types are top-of-mind for Americans, with findings suggesting significant gaps in awareness. The brief also explores how awareness patterns differ across populations and how they relate to fraud victimization experiences.