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Building a Financially Capable America Through Education and Research

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In this study, researchers for the FINRA Foundation, University of Minnesota, the BBB Institute for Marketplace Trust, the University of Virginia and the Good People Research Company found that mental frames, the different ways we view the world, are related to the likelihood of losing money to a scam.

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New research from the FINRA Foundation and researchers at the Rush University Medical Center and the Wharton School of the University of Pennsylvania used data from more than 1,000 older adults collected over 12 years to assess whether men and women experience different rates and probabilities of decline in financial and health literacy. 

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The research highlights the Top 10 states in terms of financial knowledge and shows that U.S. adults’ knowledge about inflation has increased since 2021.

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