Known as the “Big Five,” five questions can predict your ability to make good financial decisions. This is the conclusion drawn by researchers who conducted a study between 2012 and 2018 of 1,500 Americans to test basic financial knowledge.

The study “represents one of the nation’s first efforts to collect and analyze longitudinal data linking financial literacy to the financial outcomes of individual Americans over a multi-year period,” said FINRA (Financial Industry Regulatory Authority) Foundation President Gerri Walsh. Longitudinal studies follow the same people over a period of time to see what changes occur.

Julie Jason, a personal money manager and author, can be reached at To hear Julie speak, visit