TIAA Reports Lower Retirement Savings

TIAA Reports Lower Retirement Savings: Surya Kolluri, Head of the TIAA Institute and Andrea Hasler, the Deputy Academic Director and an Assistant Research Professor in Financial Literacy at the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business, present an overview of financial literacy covering the five Ws: what, why, when, where, and who. It explains what financial literacy is, why it’s important, and when and where people can learn about it. This video also discusses who needs financial literacy and offers some tips for improving financial literacy skills, such as setting financial goals, creating a budget, and seeking professional advice. Additionally, it provides a list of helpful resources for those looking to improve their financial literacy, including government websites, non-profit organizations, and books. The video concludes by emphasizing the importance of financial literacy in achieving financial well-being and security.