Financial well-being and literacy in the midst of a pandemic
The 2021 TIAA Institute-GFLEC Personal Finance Index
COVID-19 has underlined the importance of possessing financial knowledge and skills—and having a financial cushion to weather the unexpected.
Fielded in the midst of the pandemic, the 2021 TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) provides critical insights into the state of Americans’ personal finances during a time of extended national and global stress. With a core set of questions that assess financial literacy, the P-Fin Index also gauges financial wellbeing in ways that transcend unemployment levels, furloughs and changes in income, including data that allows for comparisons across socio-demographic segments of the population.
This year’s P-Fin Index survey was completed online in January 2021 by a sample of 3,035 U.S. adults, ages 18 and older. The data were weighted to be nationally representative.
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