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— 27% said they feel they’ve spent more time learning about financial matters.
— 55% said they feel they have spent the same amount of time learning about financial matters.
— 47% said they’ve learned about financial matters from financial websites.
— 38% said they’ve learned about financial matters from friends and family.
— 35% said they’ve learned about financial matters from social media.
— 77% said they have learned about financial matters from YouTube.
— 53% said they have learned about financial matters from Facebook.
— 37% said they have learned about financial matters from Twitter.
— 20% said they have learned about financial matters from Reddit.
— 19% said they have learned about financial matters from TikTok.
— 38% think they are knowledgeable about personal finance.
— 8% think they are not knowledgeable about personal finance.
— 38% were taught about personal finance by one or both of their parents.
— 42% taught themselves about personal finance.
— 13% were taught about personal finance in school.
— 23% first learned about managing their finances once they started working.
— 32% first learned about managing their finances in high school.
— 10% don’t feel comfortable managing their personal finances.
— 23% started to feel comfortable managing their personal finances once they started working.
— 9% started to feel comfortable managing their personal finances once they got married.
— 47% think people should learn about managing their personal finances in high school.
— 26% think people should learn about managing their personal finances in middle school.
— 13% think people should learn about managing their personal finances during or before elementary school.
— 60% think people should learn about personal finance at school.
— 42% think people should learn about personal finance at home.
— 49% wish they had learned about personal finance earlier in school.
— 27% wish they had learned about mental health and self-care earlier in school.
— 21% wish they had learned about time management earlier in school.
Survey Methodology:
The Consumer Sentiment Survey was conducted by Marcus by Goldman Sachs in March 2021 among 1,501 Americans. Savings accounts defined as savings accounts, certificates of deposit (CDs) and money market accounts.