Money concepts crash: Financial literacy slumps to a 10-year low

Name: Money concepts crash: Financial literacy slumps to a 10-year low
Uploaded: 2026-06-10T18:10:30Z
Duration: 3 min 8 s

FOX LOCAL Atlanta · Jun 10, 2026 · 3m 8s

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A bombshell study has revealed that Americans' grasp of basic money mechanics has eroded to its lowest baseline in a decade. The annual TIAA Institute-GFLEC Personal Finance Index tracking report dropped a stark finding: U.S. adults could only correctly answer an average of 47% of foundational personal finance questions. Joining us live in the studio to break down what this means for your wallet is Justin Farmer, CEO of Exit Wealth Advisors right here in Atlanta.