The TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) measures knowledge and understanding which enable sound financial decision-making and effective management of personal finances. The P-Fin Index was developed by the TIAA Institute and the Global Financial Literacy Excellence Center, in consultation with Greenwald & Associates.
The survey by Allianz—the first conducted by the company—shows how financial and risk literacy improves individuals’ ability to make correct financial decisions above and beyond the effect of education. While it seems obvious that people with a better understanding of financial concepts would be able to make better saving, investment and financial product decisions, this has not been tested before.
The National Financial Capability Study (NFCS) is a large-scale, multi-year project that measures Americans’ financial capability. The FINRA Investor Education Foundation commissioned this national study in consultation with the U.S. Department of the Treasury and other federal agencies.
The Standard & Poor’s Ratings Services Global Financial Literacy Survey is the world’s largest, most comprehensive global measurement of financial literacy. It probes knowledge of four basic financial concepts: risk diversification, inflation, numeracy, and interest compounding. The survey is based on interviews with more than 150,000 adults in over 140 countries.
GFLEC has extensive experience consulting with organizations about successful implementation of financial literacy education programs. Consult us to learn how financial wellness programs can help you and your employees!
GFLEC teamed up with Digital Promise to create a set of twenty personal finance micro-credentials. Our micro-credentials can be displayed as digital badges by 7th-12th grade educators to show competency in specific personal financial topics.