Financial education provider Financial Finesse has launched a new Web site to promote financial literacy.
The site, www.getfinancialfinesse.org, is the result of a 10-year research study on consumer financial issues, behavior and knowledge. According to the companys surveys of its clients, 86 percent of U.S. employees indicated they have no idea whether or not they are on track to retire comfortably, and 73 percent are not sure if their portfolios asset allocation is appropriate based on their risk tolerance and time horizon.
In addition, 53 percent admit they lack a basic knowledge of stocks, bonds and mutual funds.
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