After the financial crisis, many assumed Americans would at least learn a lesson about managing their finances, such as knowing when a mortgage offer might be too good to be true. While many studies have shown people are focused on saving more than they previously were, a new study argues Americans haven't learned much since the crisis.

Released in July, the National Capability Study completed by the FINRA Foundation found that nearly two-thirds of the 27,564 Americans surveyed from June to October last year couldn't answer basic personal finance questions. The survey included five questions, such as calculating interest payments or how interest rates affect bond prices.

The study also found that while more Americans are reporting no difficulty covering monthly bills and having emergency funds saved up, significant segments of the population are still worse off than before the recession.

“This research underscores the critical need for innovative strategies to equip consumers with the tools and education required to effectively manage their financial lives,” said FINRA Foundation Chairman Richard Ketchum in a press release. “My hope is that policymakers, researchers, and advocates will use these findings to make more informed decisions about how to best reach underserved populations.”

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