Financial Wellness Research

In order to back up its endeavors with the latest data and move forward to increase individuals’ access to top-quality financial education, the NFEC provides free financial wellness research. At the center of the NFEC’s mission lies the goal of conducting advocacy for personal finance education, and giving individuals and organizations the current data they need to support their efforts to promote the financial literacy cause. We consult the latest evidence base, such as this paper from the IOP Conference Series.

Our financial literacy research base focuses around three essential core areas for promoting financial literacy:

  1. Illuminating the problems that occur when people lack capability to make key financial decisions in a way that aligns with their personal goals and future security.
  2. Educating individuals on the root causes of financial problems. This information helps advocates prevent youth from falling into these traps, and how to address problems that adults are currently encountering.
  3. Once the problems and their causes are clear, we give you information about how you can participate in pushing the financial literacy movement forward.

Latest Financial Wellness Research, Surveys, & Test Data

The NFEC is committed to conducting financial wellness research to supply the financial education industry with empirical data about this essential subject. By gathering financial literacy statistics and data through professional opinions, surveys, research, and think tanks, the organization illuminates best educational practices for financial literacy.

The NFEC’s financial wellness research centers on 3 core areas: 1) Developing educational standards and best practices; 2) setting educational outcomes and measurements for learners; and 3) identifying overarching strategies to guide full-scale financial literacy initiatives. Below we delineate some of the NFEC’s financial wellness research and standards data and money management research papers:

Testing Results: Financial literacy rates are measured and shared with media outlets. See the latest National Financial Literacy Test Results

Statistics, Surveys, & Research: We conduct financial knowledge surveys, gather financial literacy quotes and research data, and host think tanks to discuss financial education topics.

National Financial Capability Strategy: This report summarizes common themes among the latest strategies identified by nationwide agencies to guide financial literacy promotion.

Best Practices for Financial Education: The NFEC sets guidelines for financial educators and coaches that define the optimal professional training and competencies.