NFCC Annual Financial Literacy Survey RevealsGaps in Knowledge and Execution of Basic Personal Finan
As Financial Literacy Month begins, the National Foundation for Credit Counseling® NFCC today released the results of the 2014 Financial Literacy Survey conducted online in March by Harris Poll among more than 2,000 U.S. adults ages 18+. In its eighth year, the survey provides a snapshot of the American consumer’s level of knowledge as it relates to financial literacy, as well as behavioral and attitudinal trends associated with personal finance. The 2014 survey was sponsored by Experian Consumer Services.
“This year’s survey once again confirms what we already know: the need for financial education is great,” said Susan C. Keating, president and CEO of the NFCC. “Without a solid foundation on which to base everyday financial decisions, Americans are on a slippery slope as they begin to rebuild their financial lives following the Great Recession. To meet the need, the NFCC developed the three-step Sharpen Your Financial Focus™ program which provides consumers with the tools necessary to secure financial well-being. We encourage others to join this nationally driven financial education movement by supporting this initiative.”