Roughly 4 out of 5 American Adults Dont' Know What an Annuity Is

TheStreet•Friday, September 19, 2025 at 11:30:00 AM

A recent discussion highlighted a concerning statistic: about 80% of American adults are unaware of what an annuity is. This lack of knowledge can have significant implications for financial planning and retirement security. Dr. Stephen Lee from California State Polytechnic University emphasized the importance of financial literacy in helping individuals make informed decisions about their future. Understanding financial products like annuities is crucial for ensuring a stable retirement, making this gap in knowledge a pressing issue that needs to be addressed.

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