Study Shows Americans Overestimate Their Financial Knowledge, Many Are Open to More Education
Fiserv, Inc. (FISV)
Last fiserv, inc. earnings: 2/4 04:01 pm
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Source: Business Wire
Financial planning and retirement topics interest all age and income segments LOMBARD, Ill.--(BUSINESS WIRE)-- Recent research from Raddon®, a Fiserv company, reveals that Americans are generally overconfident in their financial acumen and the vast majority have never attended a financial education program, although many think such a program would be extremely or very valuable. The “Financial Literacy: Prosperity Begins with Knowledge” study from Raddon, a provider of innovative research, insightful analysis and strategic guidance to banks and credit unions, explores consumer perceptions of their financial acumen versus the reality of their knowledge, as well as the impact of financial programs on consumers’ relationships with their financial institutions. While nearly half of study respondents (44 percent) self-report that they are extremely or very financially literate, when a
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