Reported about 1 year ago
A recent survey by the TIAA Institute and GFLEC shows that less than 40% of Americans aged 18 and above correctly answered three out of five retirement-related questions, with the average participant only answering two questions accurately. This lack of retirement fluency could impact future financial security significantly. While older generations performed better on the quiz, emphasizing the importance of financial literacy, TIAA CEO Thasunda Brown Duckett stresses the need to enhance understanding and access to educational resources for improved retirement outcomes.
Source: YAHOO