Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

FINRA Foundation Releases Nation's First State-by-State Financial Capability Survey

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion: Presidency Donate to DU
 
LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 04:33 PM
Original message
FINRA Foundation Releases Nation's First State-by-State Financial Capability Survey
New Jersey, New York and New Hampshire Most Financially Capable, Kentucky and Montana Place Last

WASHINGTON The FINRA Investor Education Foundation (FINRA Foundation) today launched a dynamic interactive Web resource to display the results of America's first State-by-State Financial Capability Survey, which was also released today. The new website, www.usfinancialcapability.org, displays a clickable map of the United States and allows the public, policymakers and researchers to delve into and compare the financial capabilities of Americans in every state and across geographic regions. The State-by-State Financial Capability Survey, which surveyed more than 28,000 respondents, was developed in consultation with the U.S. Department of the Treasury and the President's Advisory Council on Financial Literacy.

The state-by-state survey found a significant disparity in financial capability across state lines and demographic groups:

* Citizens of New York, New Jersey and New Hampshire are the most financially capable. Those states ranked in the top five among all states in at least three of five measures of financial capability.
* Kentucky and Montana stood out as having lower financial capability when compared to other states. Citizens of both states were among the least financially capable in at least three of five measures of financial capability.
* Young Americans nationally were more likely to be less financially capable than older Americans, and they were significantly more likely to engage in non-bank borrowing.

Press Release Additional Data at links.

At Masson's Blog leads off with the following for the results.
Hoosiers are not financially literate

You know that old political cliche about how individuals know better how to handle their money than the government does? Well, maybe not. How well government manages your money is certainly open to question, but your average Hoosier isnt really all that well equipped to make decisions about their money.



Printer Friendly | Permalink |  | Top

Home » Discuss » General Discussion: Presidency Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC