partners with a respected public relations firm to conduct research on personal
finance awareness and trends in the United States. This research supports
credit unions’ long-standing commitment to Americans’ financial literacy and
overall financial wellbeing. For recent surveys and findings, please see below.
Women in Finance Survey
Women in Finance Survey was conducted with the objective to find what women’s
priorities are when it comes to spending, saving and investing their money.
Women’s lack in financial confidence was the key finding in the survey that was
for retirement was the number one financial concern for women.
and pension plans are most used for retirement savings.
of women confessed they are not confident in their financial abilities, despite
the fact that 38% of married female respondents manage their household
than half of the survey respondents reported to following a monthly budget.
Student Loan Survey
The Student Loan Survey was conducted with the objective to find how
knowledgeable graduating high school seniors are about the cost of college and
their basic understanding student loans. The survey revealed that students not
only lack a general awareness of how much college costs and how debt works but also
lack a basic foundation of financial knowledge.
50% of high school seniors can’t estimate how much money they will need to pay
of students polled are confident they will receive a high-paying job upon
graduation of college.
of 847 high school seniors polled, 83% didn’t know about their loan rates and
77% didn’t know the expected duration of their existing loan.
of respondents reported needing a combination of federal and private loans,
family money and a job to support their tuition.