U.S. Financial Literacy Hits 10-Year Low, Employers Urged to Enhance Support
A recent study by TIAA and Stanford University's Global Financial Literacy Excellence Center reveals that financial literacy among U.S. adults has plummeted to its lowest level in a decade. The survey, which assessed 3,602 adults on various financial topics, found that only 47% of questions were answered correctly in 2026, marking a significant decline from previous years. Gen Z scored particularly low, with only 38% of questions answered correctly. The study highlights a growing concern as financial literacy is crucial for effective retirement planning and financial decision-making. The decline in literacy is accompanied by an increase in financial stress, with more employees taking loans from their 401(k) plans to meet short-term needs. 
