71 Percent of U.S. Frontline Workers Fail Basic Financial Literacy Test, Study Finds
A new study of 5,600 American frontline workers found that 71 percent did not meet a basic financial literacy benchmark. The research, released May 7 by Stream, found that 47 percent of participants reported constant financial stress. Researchers say access to financial tools matters more than literacy alone.
Seven out of ten American frontline workers cannot pass a basic financial literacy test, according to new research released May 7 by Stream.
The study surveyed 5,600 workers and found that only 29 percent met the financial literacy benchmark. Nearly half, 47 percent, said financial stress was a constant distraction in their daily lives.
Emily Trant, Chief Impact Officer at Stream, said the findings point to a deeper problem than education alone. She said access to appropriate financial tools is the primary driver of savings behavior, not literacy scores.
The study found a notable gender gap. Women in the survey had lower financial literacy scores and lower median incomes than men. But women were more likely to have savings accounts and held 70 percent higher average balances when they had access to financial products designed for their needs.
Workers who did pass the financial literacy benchmark were twice as likely to budget regularly and automate their payments.
The research adds to a growing body of evidence that financial stress is a workplace issue, not just a personal one. Employers are increasingly being asked to offer financial wellness programs as part of their benefits packages.
Stream's findings come as the federal government prepares to launch Trump Accounts in July 2026, tax-advantaged investment accounts for U.S. citizens under 18, aimed at building financial literacy through real-world investing.
