FINRA Foundation's State-by-State Financial Capability Survey and Related Ketchum Remarks

The FINRA Investor Education Foundation ("FINRA Foundation") released the results of America's State-by-State Financial Capability Survey, finding that many Americans continue to struggle to make ends meet, plan ahead and make sound financial decisions.

The survey findings illustrate a significant disparity in financial capability among state populations. For instance, California, Massachusetts and New Jersey were ranked as the most financially capable states. Interestingly, New York State had some very high (and some pretty low) relative scores. The most worrisome finding of the study is that younger Americans, especially those who are under 34, were more likely to show signs of financial stress.

Richard G. Ketchum, FINRA Chairman and CEO, discussed the Survey at George Washington University's Global Financial Literacy Excellence Center. Mr. Ketchum discussed the study's correlation between financial education and financial literacy for Americans, as well as its correlation between debt and "financial fragility," or a lack of liquidity to deal with unexpected challenges that may arise.

See: Press Release. Additional survey results are available at www.usfinancialcapability.com.Related News Item:Remarks - National Financial Capability Study Release.