Welcome to the Financial Capability Study
The Financial Capability Study presents groundbreaking state-by-state survey findings that underscore the need to ensure all Americans have access to the education, resources and tools they need to manage their money with confidence. The study aims to assess and establish a baseline measure of the financial capability of adults in the United States by exploring how individuals manage their resources and make financial decisions.
Survey Highlights Military Financial Capability Concerns
The FINRA Foundation's Military survey reveals that military families are more likely than civilians to incur credit card interest charges and fees.
American Youth Lack Emergency Savings
The 2009 National Financial Capability Study demonstrates young adults are most likely to lack an emergency savings fund.
Financial Education in Your Community
The FINRA Investor Education Foundation, in partnership with United Way, awards Financial Education in Your Community grants to community-based organizations to provide effective and unbiased financial education that addresses local needs.
Delaware Tops the List for Spending More Than Their Income
Residents of Delaware are most likely to be living outside their means compared to others in the nation. Just over one-quarter report spending more than their annual household income.
Most Oklahoma Adults Do Not Have Emergency Funds
Adults in Oklahoma are the most likely in the nation to lack a "rainy day" fund. Nearly three in four do not have emergency savings to cover 3 months of expenses if they were faced with an economic shock.
Many Montana Adults Risk Incurring High Interest Rates and Fees
More than one in three people in Montana have engaged in some form of non-bank borrowing, making them the most likely in the nation to do so.
Not All States Stack Up the Same for Comparing Credit Card Offers
The FINRA Foundation has identified which states' residents are most likely to compare offers from various credit cards. See who is taking this important step towards sound financial decision-making.
Americans Demonstrate Gaps in Their Financial Literacy
On average, American adults are able to answer only three of five fundamental financial literacy questions correctly.
Smart Investing@Your Library
The FINRA Investor Education Foundation and the American Library Association jointly award Smart investing@your library program grants to public libraries and library networks throughout the United States. Through the program, library patrons are empowered to make smart long-term and routine financial decisions.