Search Results for: financial literacy

It’s 10 PM–Do You Know Where Your Financial Data Is?

Advancements in technology like the Internet and smartphones are changing how we pay, borrow, and invest. Financial technology (a.k.a. fintech) products—including payments, lending, wealth management, and others—generally provide benefits to consumers, such as convenience and lower costs. But there are risks … Continue reading

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Your Employer Might Help Improve Your Financial Fitness

Maybe there’s money under the mattress, because there doesn’t seem to be much in the bank. About half of households age 55 and older have no retirement savings, and many of them don’t have pensions, either. Financial education can empower … Continue reading

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GAO’s Financial Markets and Community Investment Team

GAO’s workforce is generally organized into 14 mission teams. Today we’ll be putting the spotlight on the Financial Markets and Community Investment (FMCI) team. FMCI supports Congress by helping ensure the effectiveness of regulatory oversight in financial and housing markets, … Continue reading

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What Can You Do After a Data Breach?

Chances are you or someone you know is one of the hundreds of millions of people whose personal data has been exposed in a data breach. But once your personal information is out there, what can you do to prevent … Continue reading

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Working in the Gig Economy

On Labor Day, we consider the nature of employment for many of the nation’s workers. Today’s WatchBlog looks at the opportunities and challenges that “gig” workers—those employed in on-demand, non-standard work—may face. Who are gig workers? While there is no … Continue reading

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How Useful Are Identity Theft Services?

Many people purchase identity theft services—or receive them free when their information is compromised in an organization’s data breach. These services typically include four components: credit monitoring, identity monitoring, identity restoration, and identity theft insurance. For April’s Financial Literacy Month, … Continue reading

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Affordable Ways to Save

For many of us, U.S. savings bonds bring back memories of birthday or graduation gifts from grandparents or aunts or uncles. But U.S. savings bonds have also provided Americans with a safe, affordable way to save and invest. We recently … Continue reading

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Retirees Need Options and Assistance to Make Money Last

As individuals are increasingly responsible for their financial security following retirement, the cost of limited financial literacy can be extremely high. Yet, recent survey data suggest that seniors have some of the lowest financial literacy rates. These surveys—which included questions … Continue reading

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Foreclosure Rescue Schemes and You

Evidence suggests that individuals who are less financially savvy are more likely to fall victim to financial scams, hold high cost mortgages, and engage in costly credit card behavior. As a result, the cost of limited financial literacy can be … Continue reading

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