In 2009, the FINRA Investor Education Foundation commissioned the National Financial Capability Study—the first of its kind conducted in the United States—to assess and establish a baseline measure of the financial capability of American adults. The 2012 Study—which was developed in consultation with the U.S. Department of the Treasury, other federal agencies and the President’s Advisory Council on Financial Capability—aims to update key measures from the 2009 Study and to deepen exploration of topics that are highly relevant today, including, for example, student loans and medical debt. Financial capability cannot be measured simply by looking at one indicator, such as demonstrated knowledge of specific terms or concepts. Instead, financial capability encompasses multiple aspects of behaviour relating to how individuals manage their resources and how they make financial decisions (including the factors they consider and the skill sets they use)