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Financial literacy and retirement preparedness: Evidence and implications for financial education programs
Lusardi, Annamaria; Mitchell, Olivia S. - Center for Financial Studies - 2007
Economists are beginning to investigate the causes and consequences of financial illiteracy to better understand why retirement planning is lacking and why so many households arrive close to retirement with little or no wealth. Our review reveals that many households are unfamiliar with even the...
Persistent link: https://www.econbiz.de/10010958719
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Financial literacy and retirement preparedness: Evidence and implications for financial education programs
Lusardi, Annamaria; Mitchell, Olivia S. - 2007
Economists are beginning to investigate the causes and consequences of financial illiteracy to better understand why retirement planning is lacking and why so many households arrive close to retirement with little or no wealth. Our review reveals that many households are unfamiliar with even the...
Persistent link: https://www.econbiz.de/10010298364
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Baby boomer retirement security: The roles of planning, financial literacy, and Housing wealth
Lusardi, Annamaria; Mitchell, Olivia S. - Center for Financial Studies - 2006
We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992. Levels and patterns of total net worth have changed relatively little over time, though Boomers rely more on housing equity than their...
Persistent link: https://www.econbiz.de/10010958739
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The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data
Lusardi, Annamaria; Mitchell, Olivia S. - Center for Financial Studies - 2007
We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax … rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized … their credit card payments and thereby paying down debt. But soon afterwards their spending increased, counter to the …
Persistent link: https://www.econbiz.de/10010986371
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Baby boomer retirement security: The roles of planning, financial literacy, and Housing wealth
Lusardi, Annamaria; Mitchell, Olivia S. - 2006
We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992. Levels and patterns of total net worth have changed relatively little over time, though Boomers rely more on housing equity than their...
Persistent link: https://www.econbiz.de/10010298334
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The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data
Lusardi, Annamaria; Mitchell, Olivia S. - 2007
We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax … rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized … their credit card payments and thereby paying down debt. But soon afterwards their spending increased, counter to the …
Persistent link: https://www.econbiz.de/10010298384
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Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy, and Housing Wealth
Lusardi, Annamaria; Mitchell, Olivia S. - Centre for Research on Pensions and Welfare Policies … - 2006
We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992. Levels and patterns of total net worth have changed relatively little over time, though Boomers rely more on housing equity than their...
Persistent link: https://www.econbiz.de/10005012793
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Baby Boomer Retirement Security: The Roles of Planning, Financial Literacy,and Housing Wealth
Lusardi, Annamaria; Mitchell, Olivia S. - Center for Financial Studies - 2006
We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992. Levels and patterns of total net worth have changed relatively little over time, though Boomers rely more on housing equity than their...
Persistent link: https://www.econbiz.de/10005022447
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Baby Boomer Retirement Security : The Roles of Planning, Financial Literacy, and Housing Wealth
Lusardi, Annamaria - 2011
This paper compares wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers surveyed in 2004, and individuals in the same age group in 1992. We find that levels and patterns of total net worth have changed relatively little over time, though Boomers will...
Persistent link: https://www.econbiz.de/10012714553
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Optimal Financial Knowledge and Wealth Inequality
Lusardi, Annamaria - 2015
better allocate re- sources over their lifetimes in a world of uncertainty and imperfect insurance. Moreover, because of how …
Persistent link: https://www.econbiz.de/10013025532