arts
Americans' financial literacy slumps to a 10-year low, new study finds
By Aimee Picchi at CBS4 Miami
· June 1, 2026
· 6 min read
Americans' understanding of basic financial concepts has fallen to a 10-year low, raising concerns that households are becoming less prepared to manage debt, savings and retirement decisions, according to a new study from investment giant TIAA and Stanford University's Global Financial Literacy Exce
Key takeaway adults correctly answered only 47% of the 28 questions used to assess financial literacy, down from a high of 52% in 2020 and the lowest score in the decade since the survey began.
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Category: arts ·
Published: June 1, 2026 ·
Source: CBS4 Miami ·
Reading time: 6 min
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Frequently asked about this story
What is this story about? Americans' understanding of basic financial concepts has fallen to a 10-year low, raising concerns that households are becoming less prepared to manage debt, savings and retirement decisions, according to a new study from investment giant TIAA and Stanford University's Global Financial Literacy Exce
When was this published? This article was first published on June 1, 2026 by CBS4 Miami and curated for The Miami readers.
Who reported this story? This story was reported by Aimee Picchi at CBS4 Miami. To learn more about how The Miami selects and reviews stories, see our editorial standards .
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