Money Maladies 

 

Northwestern Mutual Tests Americans' Financial Literacy

While people comprehend the basics of financial matters, a national study conducted by Northwestern Mutual found that most Americans fail to make the grade when it comes to financial literacy.

The vast majority of the more than 1,000 study participants failed to get 60% of questions correct. Americans can identify terms such as asset allocation, and diversification, yet they are unclear on specific details of their company-sponsored insurance programs, unaware of the purpose of 529 plans, and uncertain as to the best protection against inflation, among other things.

Download Study Facts & Results

How much do you know when it comes to financial matters?
The test has 14 questions from the Northwestern Mutual study that gauges America's familiarity with subjects tied to financial strategies.

Grade your own financial literacy and find out where you stand.

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"Northwestern Mutual” is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee WI (life insurance, disability insurance, and annuities) and its subsidiaries and affiliates. Long-term care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, a subsidiary of The Northwestern Mutual Life Insurance Company. Securities and investment advisory programs are offered through Northwestern Mutual Investment Services, LLC (NMIS), a wholly-owned company of The Northwestern Mutual Life Insurance Company and a dually registered broker-dealer and investment adviser, member FINRA and SIPC. Investment advisory programs and trust services are offered through Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a wholly-owned company of The Northwestern Mutual Life Insurance Company and limited purpose federal savings bank. The products and services referenced are offered and sold only by appropriately appointed and licensed entities and representatives of such entities. Each Financial Representative represents one or more, but not necessarily all of the entities shown. The Northwestern Mutual Life Insurance Company is neither a registered investment adviser nor a registered broker-dealer.