savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a … strong link to household wealth. -- Financial Education ; Savings and Wealth Accumulation ; Retirement Preparation …

This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth … accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs …-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor …