Back to top
Group of people talking

About the National Financial Capability Study

In 2009, the FINRA Investor Education Foundation launched the first national study of financial capability of adults in the United States. Since its start, the National Financial Capability Study (NFCS) has provided data on multiple indicators of capability — including financial behaviors, attitudes, knowledge, and access to financial products and services. It also contains rich demographic and geographic data that provides a robust understanding of how financial capability varies across demographic groups and geographic areas. NFCS survey data is collected every three years, and today encompasses five waves of data. The study continues to evolve — with each new wave adding new variables (in addition to existing ones), incorporating new samples, and asking questions that are pertinent to changing times.

Each wave of the NFCS State-by-State Survey has data from more than 25,000 U.S. adults across all 50 states and Washington D.C. Findings can be reported at both the state and national level. Data are available from 2009, 2012, 2015, 2018, and 2021, and collectively includes information on over 125,000 respondents.

2021 NFCS Highlights: Interact with the Data

Explore the latest NFCS findings through novel web visualizations. Learn more >>


Download the 2021 NFCS Report

Download PDF >>


Interested in the Data?

Explore NFCS datasets, questionnaires, and data publications. Learn More >>


Financial Capability Insights: What the NFCS Reveals

Group of people @istockphoto.com

Read a series of issue briefs based on the NFCS exploring different aspects of financial capability and how these vary across key populations in the U.S.

Learn more >>


Contact Us

Questions? Contact the Foundation's Gary Mottola or Olivia Valdes.