Financial Literacy Month 2026: Half of US Adults Grade Themselves a C in Money Management
A new survey released during Financial Literacy Month found that approximately half of US adults grade themselves a "C" in financial literacy. The data shows financial knowledge tends to decline with younger generations, with only 38 percent of Gen Z reporting they understand their money.
About half of US adults grade themselves a "C" in financial literacy, according to survey data released during Financial Literacy Month in April 2026. The findings highlight persistent gaps in money management knowledge across the country.
The data shows financial literacy tends to decline with younger generations. Only 38 percent of Gen Z respondents said they understand their money well. Foundational skills like tracking spending remain uneven across age groups, making it difficult for many people to budget, save, and plan effectively.
About 44 percent of consumers rely on family and friends for financial advice, according to a U.S. News and World Report survey. Nearly 31 percent of people said they do not seek any financial guidance at all, which can lead to poor decisions and financial anxiety.
The U.S. Senate officially recognizes April as Financial Literacy Month. The U.S. Department of the Treasury and the Securities and Exchange Commission both highlighted resources and tools during the month to help Americans improve their financial knowledge.
Treasury Secretary Scott Bessent said financial education "unlocks opportunity for every American." The SEC's Office of Investor Education and Assistance pointed people to Investor.gov, which offers tools on long-term investing, tax-advantaged accounts, and scam avoidance.
Michigan Governor Gretchen Whitmer signed bipartisan legislation in April requiring a personal finance class in the state's high school curriculum. Supporters say early financial education is one of the most effective ways to close the knowledge gap and help young people build strong money habits before they enter the workforce.
GreenPath Financial Wellness, a national nonprofit, said it provides free financial counseling through certified advisors. The organization recommends starting with simple habits: reviewing spending weekly, setting a savings goal, and automating bill payments.
