News

Thursday, December 12, 2019
New FINRA Foundation Research: Two-thirds of U.S. Investors Fail Investing Quiz and Face Confusion about Investment Account Fees

Knowledge of key investing concepts among investors is low, with two-thirds of U.S. adults who own taxable investment accounts failing to correctly answer more than half of the questions contained on a 10-question quiz of investor knowledge, according to new research released today by the FINRA Investor Education Foundation (FINRA Foundation). The study, "Investors in the United States: A Report of the National Financial Capability Study", indicates that many investors are confused about the various fees they pay for investing. Nearly one-third of investors believe they do not pay any fees or expenses at all for their investment accounts or they don’t know how much they are paying.

Thursday, October 10, 2019
New Research: Many U.S. Investors With Low Financial Literacy Levels Are Ill Equipped to Manage Personal Finances, Especially Investments

Many U.S. investors with "alarmingly low" levels of financial knowledge lack confidence in their ability to meet their financial goals, according to new research conducted by the FINRA Investor Education Foundation (FINRA Foundation) and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business. The study, "New Evidence on the Financial Knowledge and Characteristics of Investors", examined nearly 15,000 Americans, aged 25 to 65, who were not retired or in school.