U.S. falls in new 'financial inclusion' ranking, a global measure of access to financial services, researchers say
Publishing timestamp: 2023-10-03 14:21:57
Summary
The U.S. has fallen to fourth place in the Global Financial Inclusion Index, indicating a decline in financial inclusion. Singapore remains in the top spot due to its commitment to financial literacy and technology adoption. Consumer sentiment in the U.S. is down across financial systems and employers, with a significant decline in trust in the government. Political polarization exacerbates the situation, causing uncertainty and delaying financial decisions.
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Keywords: singapore, business news, united states, personal finance, principal financial group inc, united states government, economic events, world economy,
Source: https://www.cnbc.com/2023/10/03/us-falls-in-latest-financial-inclusion-ranking-researchers-say.html