Americans score poor marks when it comes to financial literacy. And women lag behind men — which could have troubling consequences for their retirement and overall financial health.
These were the takeaways from two recent studies. The first, from researchers at the University of Georgia and Kansas State University, analyzed data from the FINRA 2012 National Financial Capability Study, a survey of more than 25,000 US adults. The researchers found that women across age groups answered fewer questions correctly than did men on core financial concepts such as interest rates, inflation, and risk. (You can test your own knowledge here.)
The study, presented at the annual meeting of the Academy of Financial Services last fall, also found women lagged behind men in financial capability, […]