New Research: Financial Literacy Is Significant Indicator of Positive Future Financial Outcomes and Behaviors

FINRA

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Varying Levels of Financial Knowledge Among Americans May Deepen Inequality

WASHINGTON – Financial literacy is a strong indicator of positive financial outcomes for the future, but differing levels of financial literacy among Americans may contribute to widening inequality among different segments of the population, according to a new study by the FINRA Investor Education Foundation (FINRA Foundation), the University of Southern California’s Center for Economic and Social Research (CESR) and The George Washington University’s Global Financial Literacy Excellence Center (GFLEC).

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