Featured below and available for download are reports, results tables, questionnaires, methodology and datasets for the 2015, 2012 and 2009 National Financial Capability Study.

2015 State-by-State Survey

The State-by-State survey was conducted online from June through October 2015 among a nationally-representative sample of 27,564 American Adults, reaching approximately 500 individuals per state, plus the District of Columbia, with oversamples of 1,000 in New York, Texas, Illinois and California.

NameFile Size
2015 Full Report of National Findings6mb
2015 Highest and Lowest States for Each Measure of Financial Capability186kb
2015 Full Data Tables by State, Census Division and Nation741kb
2015 State-by-State Survey — Questionnaire470kb
2015 State-by-State Survey — Methodology200kb
2015 State-by-State Survey — Respondent-Level Data, Fully-labeled SPSS file (.sav)1.7mb
2015 State-by-State Survey — Respondent-Level Data, Comma delimited Excel file (.csv)1.8mb
2015 State-by-State Survey — Tracking Dataset, Fully-labeled SPSS file (.sav)
Includes respondent-level data for 2015, 2012, and 2009 for only the subset of variables that can be directly compared between waves
3.4mb
2015 State-by-State Survey — Tracking Dataset, Comma delimited Excel file (.csv)
Includes respondent-level data for 2015, 2012, and 2009 for only the subset of variables that can be directly compared between waves
3.6mb

2015 Investor Survey

The National Financial Capability Study (NFCS) is designed to measure perceptions, attitudes, experiences, and behaviors on a wide variety of topics. The largest component of the NFCS, the State-by-State Survey, is conducted across a large, diverse sample in order to provide a comprehensive analysis of the financial capability of the national population as a whole. As such, the breadth of subject areas covered in the State-by-State Survey necessarily limits the depth to which any individual subject can be explored, particularly in areas such as investing outside of retirement accounts, which applies to only a minority of the population. To provide more insight on investing decisions, a separate follow-up survey of investors was conducted as part of the 2015 NFCS.

2012 State-by-State Survey

The State-by-State survey was conducted online from July to October 2012 among a nationally-representative sample of 25,509 American Adults, reaching approximately 500 individuals per state, plus the District of Columbia.

2012 Military Survey

The Military Survey—the second of the two linked surveys that constitute the 2012 National Financial Capability Study—was conducted online in August and September 2012 among a sample of 1,000 military service members representing both active duty and reserve components.

2009 National Survey

The national survey randomly dialed nearly 1,500 respondents, with an over-sampling to enable segmentation by selected demographic variables (e.g., race, household income, education level) between May and July 2009.

2009 State-by-State Survey

The state-by-state online survey of more than 28,000 respondents was released on December 8, 2010, with the launch of USFinancialCapability.org. The website displays a clickable map of the United States and allows the public, policymakers and researchers to delve into and compare the financial capabilities of Americans in every state and across geographic regions.

2009 Military Survey

Released in October 2010, this online survey of 700 military service members and 100 military spouses provides an estimate of the financial capabilities of U.S. military personnel. Because the sample differs substantially from the 2012 Military Survey, direct tracking comparisons are not feasible.

Questions and Feedback

The FINRA Investor Education Foundation invites researchers, policy makers and all interested parties to share their feedback on the National Financial Capability Study.