Workers understand that financial literacy is important, but they’re not at all confident about their own abilities along those lines.
That’s according to a LIMRA study that found that, while 95 percent of workers believe it’s important to be financially literate, when it comes to their own understanding of financial products and services, just 35 percent say they are moderately or extremely knowledgeable.
They’re even less confident about their own ability to make important financial decisions, with just 28 percent calling themselves very confident.
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