USA Today News CoverageThe FINRA Foundation collaborated with USA Today to publish its research, "The State of U.S. Financial Capability," through a series of articles highlighting the financial struggles many Americans face.
FINRA Foundation Honors Outstanding Research on Financial Capability in the United States
June 2, 2020
The FINRA Investor Education Foundation announced the recipients of higher-education awards created to recognize outstanding analyses by researchers using data from the FINRA Foundation's National Financial Capability Study.
March 19, 2020
Female investors lag behind their male counterparts when it comes to investment knowledge and confidence, according to new research conducted by the FINRA Investor Education Foundation (FINRA Foundation) and the George Washington University School of Business' Global Financial Literacy Excellence Center (GFLEC).
New Research: Financial Well-Being of U.S. Military Veterans Improving, Surpassing Non-Veterans
November 11, 2019
The financial well-being of U.S. military veterans has improved in recent years, outpacing the gains of non-veterans, according to new research by the FINRA Investor Education Foundation. Veterans, overall, reported having less difficulty covering their expenses and bills, had a lower likelihood of experiencing an income drop and were more likely to have an emergency fund, according to the survey of more than 3,000 veterans and more than 20,000 non-veterans.
New Research: Many U.S. Investors With Low Financial Literacy Levels Are Ill Equipped to Manage Personal Finances, Especially Investments
October 10, 2019
Many U.S. investors with "alarmingly low" levels of financial knowledge lack confidence in their ability to meet their financial goals, according to new research conducted by the FINRA Investor Education Foundation (FINRA Foundation) and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business. The study, "New Evidence on the Financial Knowledge and Characteristics of Investors", examined nearly 15,000 Americans, aged 25 to 65, who were not retired or in school.
Financial Prosperity Eludes Many Americans Despite Growing Economy and Declining Unemployment
June 20, 2019
As the gap between the Haves and the Have-nots continues to widen, cash-strapped Americans are failing to save money, struggling with student loan debt and facing decreasing financial literacy, despite economic growth and declining unemployment over the past 10 years, according to new research from the FINRA Investor Education Foundation (FINRA Foundation). The study, "The State of U.S. Financial Capability," finds that key indicators of financial capability are no longer improving in step with the economy.
FINRA Foundation Honors Outstanding Research on Financial Capability in the United States
May 18, 2018
The FINRA Investor Education Foundation today announced the recipients of two higher-education awards created to recognize outstanding analysis by researchers-in-training using data from the FINRA Foundation's National Financial Capability Study.
Women Trail Men in Financial Knowledge, but The Gap is Closing for Millennials
March 28, 2018
The FINRA Investor Education Foundation today released a new study that shows across three generations and a six-year period, the financial literacy of women is lower than the financial literacy of men, though this gender-based gap is narrowing for millennials. This study also finds that women have lower levels of investor literacy than men, and that women are offered financial education at lower rates than men.
First-Ever National Study Finds Veterans Faring Slightly Better Financially than Civilians
September 15, 2017
The FINRA Investor Education Foundation today released a new study that shows veterans are faring slightly better financially than civilians, even as they struggle under the weight of credit card debt and underwater mortgages.
Survey Shows High Levels of Financial Distress and High Use of Alternative Financial Services Among American Indians and Alaska Natives
April 6, 2017
The FINRA Investor Education Foundation and First Nations Development Institute today published the nation’s most comprehensive analysis of the financial capability of American Indian/Alaska Natives, including the financial behavior, attitudes and knowledge of Native peoples. The report, Race and Financial Capability in America: Understanding the Native American Experience, shows that Native Americans—even more so than other minority populations—face difficult financial circumstances and experience high levels of financial fragility.
FINRA Foundation Publishes In-depth Analysis of U.S. Investors
December 13, 2016
The FINRA Investor Education Foundation announced today the results of its Investors in the United States 2016 report, which provides a detailed analysis of 2,000 survey respondents from across the United States who hold investments in non-retirement accounts. The Investor survey is a new component of the FINRA Foundation's National Financial Capability Study, one of the largest and most comprehensive financial capability studies in the country. Researchers explored topics such as investors' relationships with financial professionals, understanding and perceptions of fees charged for investment services, usage of investment information sources, attitudes towards investing and investor literacy. The survey's full data set, methodology and related questionnaire are available at USFinancialCapability.org.
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
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
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
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
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
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
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
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
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.