Bucher-Koenen, Tabea - Munich Center for the Economics of Aging (MEA) at the … - 2009
The German population has good financial knowledge measured on the basis of three financial literacy questions. Around … privately for their old-age acquire financial knowledge to improve their investment decisions. Interestingly, the possession of … with lower financial knowledge to save for old-age. Nevertheless, individuals in the lowest income quintile still have very …