This document summarizes key findings from FINRA's 2012 Financial Capability Survey. The survey was conducted to understand changes in financial capability at the national and state levels over the past two years. It found that California, Massachusetts, and New Jersey had the most financially capable residents, while Mississippi, Arkansas, and Kentucky had the least capable. The survey also revealed that over half of Americans do not have a three-month emergency fund and that while self-perceived financial knowledge increased, actual knowledge declined slightly.