Retirement Literacy Quiz Stumps 8 in 10. The Results Suggest Longevity Risks

Retirement Literacy Quiz Stumps 8 in 10. The Results Suggest Longevity Risks

The American College of Financial Services
Barron's
September 26, 2020

According to The College’s 2020 Retirement Income Literacy Survey, only a small handful of Americans are considering all the factors necessary to ensure a secure retirement and have the financial know-how to make it a reality. With only 19% of participants passing the 38-question quiz, the survey shows a need for greater understanding of assets, long-term care, and other elements of retirement planning.

Timi Joy Jorgensen, Assistant Professor and Director of Financial Literacy, says the survey shows fundamental misunderstandings about retirement that need to be cleared up. Read more in Barron’s.

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