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Persistent link: https://www.econbiz.de/10003651403
"Many older US households have done little or no planning for retirement, and there is a substantial population that seems to undersave for retirement. Of particular concern is the relative position of older women, who are more vulnerable to old-age poverty due to their longer longevity. This...
Persistent link: https://www.econbiz.de/10003651557
Persistent link: https://www.econbiz.de/10003448532
We examined financial literacy among the young using the most recent wave of the 1997 National Longitudinal Survey of Youth. We showed that financial literacy is low; fewer than one-third of young adults possess basic knowledge of interest rates, inflation, and risk diversification. Financial...
Persistent link: https://www.econbiz.de/10003980623
This paper explores who is financially literate, whether people accurately perceive their own economic decision-making skills, and where these skills come from. Self-assessed and objective measures of financial literacy can be linked to consumers’ efforts to plan for retirement in the American...
Persistent link: https://www.econbiz.de/10003980633