Teaching a base level of financial literacy is more important than ever to secure the well-being of clients, prospects and the general public. The explosive growth of financial advice on social media and the increasing use of generative AI tools as a source of financial information have unlocked financial planning for millions. But those same trends have also exposed people to scams and misinformation.

MDRT surveyed U.S., Japan and Singapore consumers on various forms of financial education and literacy and how advisors can help fill the knowledge gap.