• FINANCIAL LITERACY AND HIGH-COST BORROWING IN THE UNITED STATES

    Abstract:  In this paper, we examine high-cost methods of borrowing in the United States, such as payday loans, pawn shops, auto title loans, refund anticipation loans, and rent-to-own shops, and offer a portrait of borrowers who use these methods. Considering… Read More »

  • National Financial Capability Study

    Available for download are reports, results tables, questionnaires, methodology, and datasets for the 2021, 2018, 2015, 2012, and 2009 National Financial Capability Study. The study is conducted by the FINRA Investor Education Foundation. Click here for the data.    … Read More »

  • FINANCIAL LITERACY: DO PEOPLE KNOW THE ABCs OF FINANCE?

    Abstract: Increasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions. This paper looks at financial literacy,… Read More »

  • DEBT AND DEBT MANAGEMENT AMONG OLDER ADULTS

    Abstract:  Many individuals lack the financial know-how to manage the complex new financial products increasingly available in the financial marketplace. How people borrow and manage debt has become of increasing policy maker concern, given recent evidence on Americans’ over-indebtedness. As… Read More »