GITNUX MARKETDATA REPORT 2024

Financial Literacy In America Statistics: Market Report & Data

Statistic 1

"Only about 34% of Americans could answer at least four out of five financial literacy questions on a quiz correctly."

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Statistic 2

"19% of American adults reported spending more than their income in 2020."

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Statistic 3

"Approximately 63% of Americans could not pass a basic financial literacy quiz."

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Statistic 4

"About 25% of Americans have nothing saved for emergency expenses."

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Statistic 5

"Only about 16.4% of U.S. students are required to take a personal finance class in schools."

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Statistic 6

"Less than 30% of Americans have a long-term financial plan that includes savings and investment goals."

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Statistic 7

"More than half of Americans (53%) feel anxious thinking about their personal finances."

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Statistic 8

"Nearly 40% of U.S. adults wouldn't be able to cover an unexpected $400 expense."

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Statistic 9

"Around 44% of Americans do not have enough cash to cover a $400 emergency."

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Statistic 10

"Two-thirds (66%) of American adults couldn't correctly answer a question about compound interest."

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Statistic 11

"Nearly 78% of American adults are considered to be financially illiterate."

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Statistic 12

"Over 48% of Americans do not actively engage in any long-term financial savings planning."

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Statistic 13

"Almost 21% of Americans think winning the lottery is a practical way to accumulate wealth."

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Statistic 14

"Only 24% of millennials show basic financial literacy according to a study by the National Endowment for Financial Education."

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Statistic 15

"Approximately 58% of Americans have less than $1,000 in savings."

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Statistic 16

"Only about 41% of Americans use a budget."

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Statistic 17

"Nearly 40% of American adults do not pay all of their bills on time."

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Statistic 18

"Only about 57% of Americans are considered financially literate."

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Statistic 19

"Nearly 56% of Americans lose sleep over their money issues."

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Statistic 20

"About 40% of American adults would either borrow, sell something, or go into debt if faced with a $400 emergency expense."

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