On April 1, retirement vendor TIAA-CREF and MSU Human Resources released the “What’s Your Financial IQ?” challenge as part of Financial Literacy Month. The challenge came in the form of 15 online quizzes that spanned the entire month. Quiz questions covered a wide range of topics, from everyday financial matters and loans to investing, taxes, and retirement. With 1,480 participant registrations, the challenge was widely received. Participants self-identified their financial subject matter knowledge, ranging from “clueless” to “ready to retire,” and they ranged in age from 18 to 65+. Overall, most participants were relatively financially-savvy, with an average accuracy rate of 75% on the quiz questions.

As part of  the Financial IQ challenge, three MSU employees were selected at random and awarded tablet computers for their participation. The lucky recipients were Erin Buitendorp, in Nursing, Jeremy Davis, in the Weekend MBA Program and Abbe Tykwinski, in Advancement Marketing and Communications.

MSU HR would like to thank TIAA-CREF for sponsoring the challenge and helping MSU faculty and staff test their financial and retirement savvy! Watch out for a similar challenge expected to occur in 2015!