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 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.
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!
The study examines data from two surveys—the 2015 National Financial Capability Study and the 2016 GFLEC Mobile Payment Survey—to provide insights on the financial capability of American Millennials who use mobile payments.
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 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.
Developed by experts at GFLEC with support from PwC US, Fast Lane provides research-based guidance and support for students, teachers, school administrators, parents/guardians, policy makers, and community members who are committed to giving students the knowledge and skills they need before they make financial decisions that can profoundly impact their future well-being.
GFLEC and Girl Rising partnered to create financial education lesson plans for K-12 students that correspond with the documentary, Girl Rising. Together, the financial literacy lessons aim to teach students about the many ways in which education and finances are related.
Professor Annamaria Lusardi and Professor Olivia Mitchell of the Wharton School developed five questions that indicate one’s financial literacy. They have been used worldwide, including in the U.S. National Financial Capability Study.
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.