A variety of studies conducted over the last couple of years on the financial acumen of young people arrived at the same basic conclusion—they don’t know enough. It’s a problem for them individually, and as they move into a financially complex world they will come to dominate demographically, it’s a potential problem for the nation itself. In a 2016 study by PricewaterHouseCoopers and George Washington University of 5,500 millennials born between the early 1980s and the mid-1990s, only 5 percent answered five out of five questions related to financial literary and only 24 percent got three correct.