Oct 07, 2022

NGPF Podcast: Gary Mottola of FINRA Foundation on financial capability in the U.S.

What is the state of financial capability in the U.S.? Gary Mottola has the answers in this NGPF podcast! 

The FiNRA Foundation is out with their National Financial Capability study, which they produce every three years. Gary Mottola leads FINRA's research efforts and shared the key insights from the study in this NGPF podcast. In addition, you will learn about how the pandemic impacted financial situations in the U.S., the limitations of data and Gary's dream research project. Enjoy! 

  • 0:00~1:53 Introduction
  • 1:53~3:11 Early money lessons
  • 3:11~5:05 Experience working at Vanguard
  • 5:05~6:31 Transitioning to work at FINRA
  • 6:31~7:39 Day in the life at FINRA
  • 7:39~10:02 Definition of financial capability
  • 10:02~13:28 Recommended resources for teachers
  • 13:28~24:58 Financial situations pre and post COVID
  • 24:58~25:22 A word from NGPF
  • 25:22~28:57 Limitations of data from 2021
  • 28:57~36:19 The rise of FinTech
  • 36:19~39:25 Dream research project 
  • 39:25~42:35 Intersection of race and personal finance
  • 42:35~43:50 Thoughts on crypto 
  • 43:50~45:17 Conclusion



  • “Collaborations are important. This topic is too important, no group is large enough or powerful enough to do it alone so we do have to pull our resources together to really try to move the dial here on financial knowledge in this country.”


About the Authors

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

Ren Makino

Ren started interning at NGPF in 2014, and worked part-time through high school and college. With his knowledge growing alongside NGPF, he joined the team to work full-time after graduating from college in 2020. He is also the producer of the NGPF podcast. During his free time, he likes to try out coffees from different roasters across the world.

Mail Icon

Subscribe to the blog

Join the more than 11,000 teachers who get the NGPF daily blog delivered to their inbox: