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with the precautionary saving motive, boosts their need for private wealth accumulation and thus financial literacy. They …
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financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions … can result in improved saving behavior and financial decision-making, much can be done to improve these programs …
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"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...
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