What is your Financial IQ?
World Financial Group (WFG) released the results of a new, independent Financial IQTM study that assesses financial resilience, or their FIQ, and the proprietary tool which can measure someone’s FIQ in five simple questions. The study measured the general population, WFG insurance agents, and WFG clients. The findings show that during a time of economic uncertainty and ongoing challenges with rising food and energy costs, a large percentage of people in the U.S. and Canada are facing a cost-of-living crisis and less than half believe they are able to understand their personal finances.
But there is some good news. Study results show that WFG agents increase their clients’ confidence. Nearly 70% of U.S. WFG clients reported that they are optimistic that how they manage their personal finances today will help them achieve financial security in the future, a 16% increase in confidence compared to the general population.
The Financial IQ score is based on a series of questions that assess a person’s attitude toward their finances and whether they’re prepared to handle financial shocks that might come their way. The study questions an individual’s understanding, control, preparedness, and confidence around finances to draw observations regarding financial resilience.
To read the press release, learn more about the study, or take the test yourself, visit www.myfinancialIQ.com.
In the United States, World Financial Group Insurance Agency, LLC (In California, doing business as World Financial Insurance Agency, LLC), World Financial Group Insurance Agency of Hawaii, Inc., World Financial Group Insurance Agency of Massachusetts, Inc., and /or WFG Insurance Agency of Puerto Rico, Inc. (collectively WFGIA), offer insurance products.
California License #0679300
WFG Headquarters: 11315 Johns Creek Parkway, Suite 200, Johns Creek, GA 30097-1517.
In Canada, World Financial Group Insurance Agency of Canada Inc. (WFGIAC), which offers life insurance and segregated funds.
WFG Securities Inc. (WFGS), which offers mutual funds.
WFGIA, WFGIAC and WFGS are affiliated companies.
Headquarters: 5000 Yonge Street, Suite 800, Toronto, ON M2N 7E9. Phone: 416.225.2121
H/Advisors Cicero is not affiliated with WFG.
About Transamerica Financial Advisors, Inc.
In the United States, Transamerica Financial Advisors, Inc. is a full-service, fully licensed, independent broker-dealer and Registered Investment Advisor. Transamerica Financial Advisors, Inc. (TFA), Member FINRA, MSRB, SIPC and Registered Investment Advisor, offers securities and Investment Advisory Services.
TFA Headquarters: 570 Carillon Parkway, St. Petersburg, FL 33716. Phone: 770.248.3271