In the News

Title

This Confirms Our Worst Fear: 74% of Seniors Failed a Basic Financial Literacy Quiz

Document Type

Article

Publication Date

6-5-2017

Abstract

A recent survey of over 1,300 Americans finds that almost 3 out of 4 people aged 60 to 75 failed to pass a quiz measuring financial literacy, and only 5% managed a grade of 80% or better. The poor performance suggests many Americans aren't making the most of their money in retirement.