Americans’ Financial Capability Growing Stronger, but Not for All Groups: FINRA Foundation Study

Thursday, July 14, 2016

WASHINGTON–(BUSINESS WIRE)– While Americans as a whole are feeling less financial stress, making ends meet remains a daily struggle for millions — particularly women, millennials, African-Americans, Hispanics, and those lacking a high school education. These findings come from the National Financial Capability Study (NFCS), released today by the FINRA Investor Education Foundation (FINRA Foundation).

Additional details about the study will be announced today at 3:30 p.m. at an event featuring Deputy Secretary Sarah Bloom Raskin, U.S. Department of the Treasury; Mary Jo White, Chair, U.S. Securities and Exchange Commission; Consumer Financial Protection Bureau Director Richard Cordray; Jane Rooney, Financial Literacy Leader at the Financial Consumer Agency of Canada; and FINRA Foundation Chairman Richard Ketchum.

The event, hosted in conjunction with The George Washington University’s Global Financial Literacy Excellence Center (GFLEC), will take place at the University’s School of Media and Public Affairs, 805 21st Street, N.W., Washington, DC.

Source: Yahoo! News (link opens in a new window)

financial inclusion, research