According to a recent NerdWallet survey, less than half (47%) of Americans feel confident in their ability to make good financial decisions, highlighting significant knowledge gaps.
Financial decision-making confidence grows with age, income, and education: only 30% of Gen Zers feel confident, while 62% of baby boomers do.
Reliable information is crucial for financial decision-making. Many individuals can access free or low-cost resources from their financial institution and employer.
Polling shows a stark difference in financial confidence based on income levels, with only 38% of those earning under $50,000 feeling secure in their financial choices.
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