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Financial Anxiety and Stress among U.S. Households: New Evidence from the National Financial Capability Study and Focus Groups
April 27, 2021Summary: The economic impact of the COVID-19 crisis has brought to light the deeply rooted financial struggles that many Americans face. This paper shows that even before the pandemic, a substantial share of households was already anxious and stressed about… Read More »
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The Stability and Predictive Power of Financial Literacy: Evidence from Longitudinal Data
November 18, 2020Abstract: We administered the FINRA Foundation’s National Financial Capability Study questionnaire to members of the RAND American Life Panel (ALP) in 2012 and 2018. Using this unique, longitudinal data set, we investigate the evolution of financial literacy over time and… Read More »
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STUDENT LOAN DEBT IN THE US: AN ANALYSIS OF THE 2015 NFCS DATA
November 14, 2016Summary: According to the study, 54 percent of student loan holders did not try to figure out what their monthly payments would be before taking out loans. And 53 percent said that if they could go back and redo the… Read More »
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The Evolution of Consumer Debt Following the Great Recession: An analysis of data from the 2015 NFCS
August 11, 2016Learn more about the 2015 National Financial Capability Study, a project of the FINRA Investor Education Foundation, by clicking here.
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Financial Capability in the United States 2016
July 15, 2016Summary: Financial capability is a multi-dimensional concept that encompasses a combination of knowledge, resources, access, and habits. The NFCS is designed to understand and measure a rich, connected set of perceptions, attitudes, experiences, and behaviors across a large, diverse sample in… Read More »