80% of Older Workers Financially Illiterate: Survey

80% of Older Workers Financially Illiterate: Survey

The American College of Financial Services
September 15, 2020

Advisors and experts have been warning for years that financial literacy in the United States is declining, and The College’s recent 2020 Retirement Income Literacy Survey results confirm this troubling trend. In the survey, nearly 80% of Americans at or near retirement demonstrated they don’t have the knowledge they need to adequately plan for their financial future.

In these challenging times, advisors need to step up to fill this knowledge gap. Read more about the survey’s findings in InvestmentNews.

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