According to a 2023 Pew Research Center survey, approximately 54% of U.S. adults report having a fair amount or a great deal of knowledge regarding Personal finance literacy encompasses various money management techniques, such as investing, budgeting, debt management, and saving.
This analysis utilizes data from a 2023 Pew Research Center study to investigate how confident Americans feel regarding their financial management skills and general money knowledge.
The survey was conducted between Sept. 12 and 24, 2023, and included 7,470 U.S. adults participating in both English and Spanish. The sample included 2,734 White, Asian, and Hispanic adults from the American Trends Panel (ATP). Furthermore, an oversample of 4,736 Black adults was included, consisting of individuals who identify as Black and non-Hispanic, multiracial Black and non-Hispanic, or Black and Hispanic. This oversample comprised 1,755 Black adults from the ATP and 2,981 Black adults from the Ipsos KnowledgePanel.
Participants were selected through a random national sampling of residential addresses. By recruiting panelistsopportunity to be selected, providing confidence that the sample accurately represents the broader population. For additional details regarding random sampling, please consult our Methods 101 explainer
