Study Finds 1 in 3 Student Loan Holders With Payments Due Are Late With Payments and More Than Half Regret Their Borrowing
Data Shows Many Borrowers Don't Understand Loans They Obtain
Monday, November 14, 2016
Nearly half of young Americans start their working lives with student debt, and 43 million Americans carry student loans. A new study by the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business found that many borrowers are struggling to make student loan payments and regret their borrowing. Researchers used data from the FINRA Investor Education Foundation's 2015 National Financial Capability Study (NFCS) to issue the student loan brief summarizing key findings about student loan debt and its implications for the borrowers and for the economy as a whole.
Americans' Financial Capability Growing Stronger, but Not for All Groups: FINRA Foundation Study
Tuesday, July 12, 2016
While Americans as a whole are feeling less financial stress, making ends meet remains a daily struggle for millions of Americans—particularly women, millennials, African-Americans, Hispanics, and those lacking a high school education, according to the National Financial Capability Study, released by the FINRA Investor Education Foundation. The Study measures four key components of financial capability—making ends meet, planning ahead, managing financial products and financial knowledge and decision making.
Some Demographic Groups Under-Represented Among Investor Households, FINRA Foundation Research Finds
Wednesday, September 30, 2015
More than 3 in 10 U.S. households own taxable investment accounts, but black and Hispanic households are significantly less likely than white households to hold taxable accounts, according to A Snapshot of Investor Households in America, a new report issued by the FINRA Investment Education Foundation. Millennial households and those headed by single women also have low taxable account ownership rates.
FINRA Foundation Study Reveals Financial Vulnerability of American Renters
Thursday, October 9, 2014
The FINRA Investor Education Foundation released a new study, American Renters and Financial Fragility, which highlights the financial vulnerability of renters. American Renters reveals that renters tend to be less financially stable than homeowners, have lower rates of financial literacy and are more likely to experience a large drop in income. The findings suggest that, given their financial fragility and low levels of financial literacy, the renter population could have a difficult time responding to income shocks and the financial consequences associated with them.
FINRA Foundation Study Finds Millennials Struggle Financially
Monday, March 10, 2014
The FINRA Investor Education Foundation’s new study, The Financial Capability of Young Adults—A Generational View reveals that millennials display low levels of financial literacy, engage in problematic financial behaviors and express concerns about their debt.
FINRA Foundation Releases Military Financial Capability Survey
Tuesday, December 3, 2013
The FINRA Investor Education Foundation (FINRA Foundation) today released the results of the National Financial Capability Study's Military Survey at an event featuring Holly Petraeus, Assistant Director for the Office of Servicemember Affairs at the Consumer Financial Protection Bureau; Melissa Koide, Deputy Assistant Secretary for Consumer Policy at the U.S. Department of the Treasury; Commander Peter Hoegel, Jr., Deputy Director of the Department of Defense Office of Family Policy/Children and Youth; and FINRA Foundation President Gerri Walsh.
FINRA Foundation Releases Nation’s
State-by-State Financial Capability Survey
Wednesday, May 29, 2013
California, Massachusetts and New Jersey Most Financially Capable; Mississippi, Arkansas and Kentucky Near Bottom
To view state-specific press releases click here
FINRA Foundation Releases Nation's First State-by-State Financial Capability Survey
Wednesday, December 8, 2010
The FINRA Investor Education Foundation (FINRA Foundation) today launched a dynamic interactive Web resource to display the results of America's first State-by-State Financial Capability Survey, which was also released today.