Race and Financial Capability in America: Understanding the Native American Experience

This report, co-authored with the FINRA Investor Education Foundation, provides an overview of issues related to financial capability in American Indian and Alaska Native communities. Four key components of financial capability are examined: making ends meet, planning ahead, managing financial products, and financial knowledge and decision-making. While on par with African-Americans and Hispanics in many of these areas, the research suggests that Native Americans are facing many challenges related to financial capability. The report draws on the FINRA Foundation’s National Financial Capability Study (NFCS), one of the largest financial capability studies in the country and one of the most inclusive with a sample of nearly 600 Native American respondents.