Summary: The study, The Financial Capability of Young Adults—A Generational View, found that low levels of financial literacy hamper most Millennials (age18-34), with only 24 percent of Millennials able to answer four or five questions on a five-question financial literacy quiz correctly. And among young Millennials – those 18 to 26 – only 18 percent were able to answer four or five questions correctly.
 Many Millennials began their adult lives in the midst of the worst economic downturn in generations, and our survey reveals just how deeply and broadly the Great Recession has marked the financial lives of this generation of Americans.”
Gerri Walsh, President, Finra Foundation.
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