Lusardi, Annamaria; Mitchell, Olivia S. - Centre for Research on Pensions and Welfare Policies … - 2005
displaying low financial knowledge. We also evaluate whether people tried to figure out how much they need to save for retirement … retirement planning. We also find that financial knowledge and planning are clearly interrelated: those who displayed financial … knowledge were more likely to plan and to succeed in their planning. Moreover, those who did plan were more likely to rely on …