According to Freddie Mac, 30-year mortgage rates are 6.49% and 15-year rates are 5.84% as of June 25, 2026. The following chart shows the 30-year mortgage rate trend over the last year.

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Financial literacy among U.S. adults has declined slightly in the last decade according to one measurement.

The P-Fin Index is a 28-question survey that measures financial literacy. In 2026, U.S. adults answered only 47% of the questions correctly on average.

That’s down from a peak of 52% in 2020 and sets a new low bar in the 10-year-old survey.

Americans scored best when it comes to borrowing and scored worst when it comes to comprehending risk.

Men answered 50% of questions correctly on average vs. 44% accuracy among women. Overall, the percentage of men who got 22-28 correct (76%-100%) was nearly double that of women: 19% to 11%.

Women were equally accurate in one of the eight categories – consuming.

Baby Boomers got 54% of questions right whereas Gen Z answered just 38% of questions correctly. In general, older generations performed better, until a decline in advanced old age.

The share of each generation that answered seven or fewer questions correctly (25% or worse) was even sharper: just 15% of Baby Boomers fell into that category compared to 37% of Gen Z.

The P-Fin 8 Index is a public proxy for the 28-question test. It includes one question for each category, and you can take it for yourself.

It’s time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, when your health insurer denies coverage for a treatment, procedure, or medication, don't assume that's the final answer. Clark explains a little-known consumer right that could help you overturn a denial: an external appeal reviewed by an independent third party. While many patients appeal insurance decisions, very few take the next step when they're denied again. Clark shares why persistence matters, how the appeals process works, and why insurers often reverse decisions when consumers push back. For serious illnesses, these denials aren't just about money—they can be a matter of life and death. Learn how to fight back, when to appeal again, and how an independent review could force your insurer to pay for care it initially refused to cover.

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.