(Bloomberg) – Over the past decade, Americans got a crash course in money management. The financial crisis and the great recession offered a ton of lessons — the dangers of debt being a big one — while making it impossible to ignore the topic of finance.
That's still the case today — just look at the popularity of movies like The Wolf of Wall Street and The Big Short. But has it helped? A new study does show more Americans are getting their financial acts together. The question is whether they're getting smarter or just a little wealthier thanks to a stronger economy. The survey of more than 25,000 Americans by the Finra Investor Education Foundation suggests they may be as confused as ever.
|The good news
The finances of Americans are less fragile than they were seven years ago. Compare the results of a survey released this month with similar polls conducted in 2009 and 2012 by the foundation, part of the Financial Industry Regulatory Authority, a nonprofit that helps regulate Wall Street.
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