What You Think You Know About Your Money, but Don’t, Can Hurt You
<p class="story-body-text story-content" data-para-count="175" data-total-count="175">Americans have grown more confident about their financial acumen since the market meltdown that ended in 2009. Yet they seem to know less about the subject than they did then.
And most people didn’t even know much about it in 2009.
These troubling conclusions arise from the latest data in a long-running study by the Finra Investment Education Foundation, which has been assessing Americans’ financial knowledge, attitudes and well-being for years. The “Financial Capability in the United States 2016” study is based on an online survey of more than 25,000 people. While it contains some positive news about household finances, many of its findings are discomfiting.