02/09/2025
It’s Super Bowl Sunday! Victories are shaped by great athletes who have trained to be at the top of their game. They can also train for success off the field by boosting their financial savvy.
Our research showed that too many players—16 percent in the NFL—find themselves in bankruptcy during retirement. But there’s a run play to avoid that. Learn more about our research here:
https://gflec.org/initiatives/bankruptcy-rates-among-nfl-players-short-lived-income-spikes/
11/01/2024
Not trying to scare you 👻 but did you know that only ⅓ of the world’s population is financially literate?
Building a secure future for everyone starts with “BOO”sting financial literacy around the globe. Grab some of your favorite candy and “carve” out time to understand how, without financial literacy, managing your money can become a real-life horror story. Let's turn those alarming stats into a path toward a better financial future.
07/04/2024
Happy 4th of July! Today and always, the Global Financial Literacy Excellence Center aspires to help individuals achieve financial freedom!
04/17/2024
NEW REPORT! Our 2024 TIAA Institute-GFLEC Personal Finance Index ( ) has just been released, coinciding with in the U.S.
This 8th edition offers insights into Americans' knowledge of personal finance, showing that respondents correctly answered about half of the 28 survey questions, which has been the norm since the survey began.
Only 16% demonstrated a very high level of financial literacy by correctly answering at least 22 questions, underscoring concerns about people making financial decisions with poor financial literacy. Comprehending risk has consistently been the lowest functional knowledge area. Respondents could correctly answer only 35% of the questions about risk, on average.
The P-Fin Index report also underscores the importance of financial literacy for financial well-being. Compared with those who have a very high level of financial literacy, those with a very low level of financial literacy are twice as likely to be debt-constrained, four times as likely to lack one month of emergency savings, and three times as likely not to have any confidence in their retirement income prospects.
For the first time, our annual report also covered , which measures how much people know about topics such as Social Security, Medicare, and options for retirement savings. Americans correctly answered only 40% of the questions about these topics. This low level of retirement fluency does not bode well for retirement income security.
We will be sharing more findings during . Stay tuned!
04/01/2024
It's . Let's talk about money!
We have a full agenda to discuss personal finance, financial education, and financial decision-making during this Financial Literacy Month in the US. We aim to promote changes that are data-driven and research-based.
Today, April 1st, is the first day of the personal finance course at Stanford University, open to all undergraduate students.
On April 10th, we will unveil the latest edition of the TIAA Institute-GFLEC Personal Finance Index.
On April 16th, European Commissioner Mairead McGuinness will join us for our Financial Literacy Colloquium at Stanford GSB and lecture on "Why We Need to Talk About Money: Financial Literacy in the EU."
April 25th and 26th will see our Cherry Blossom Financial Education Institute bloom with us here in the Silicon Valley, where top researchers and emerging scholars will present and discuss cutting-edge research.
Throughout the month, keep an eye out for posts on research findings from our new papers and publications from the Journal of Financial Literacy and Wellbeing.
It is high time to talk about money. Stay tuned for updates!
