The following references offer timely facts about the state of personal finance.
Financial literacy
- U.S. adults correctly answered less than half of 28 basic money questions in financial literacy survey
- 75 percent of American teens lack confidence in their knowledge of personal finance
- Only 18% of EU citizens display a high level of financial literacy
Financial literacy – women
- 49 percent of women feel very or somewhat knowledgeable about building wealth, compared with 66 percent of men
- Women have less than half the emergency and retirement savings of men, on average
- Average monthly social security benefits are 25% lower for women at age 67
Retirement preparedness
- World Economic Forum Report Highlights Retirement Trends as Life Expectancy Increases
- 47% of Americans say achieving retirement security will take a miracle
- Most Americans Expect To Outlive Their Money In Retirement. Will You?
Housing affordability
- Why can’t today’s young adults leave the nest? Blame high housing costs
- Millennials priced out of homeownership are feeling the pressure
- Key facts about housing affordability in the U.S.