How to Money · Friday, August 7, 2026
A TIAA survey revealed that financial literacy in the US has dropped to its lowest point in a decade, with the average score on a simple quiz being only 47%. Host Joel expressed concern, emphasizing the need for effective personal finance education in high schools, while Matt noted a separate survey showing a third of people have more credit card debt than retirement savings.
“Americans, it turns out, are only getting worse at personal finance mat I don't know about you didn't surprise me. There's there's this new TIAA survey and basically they found that financial literacy has dropped to a ten year low.”
“The average score on their simple quiz and by the way I went through it to take a look, was forty seven percent.”
“There's another survey that said a third of folks have more credit card debt than they do retirement savings, which was pretty shocking.”