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Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial …
Persistent link: https://www.econbiz.de/10012113846
financial literacy on Chinese households' retirement planning and the demand for commercial insurances, especially among the … could help Chinese households be more prepared for retirement. The households with higher objective financial literacy score … and paid more attention to financial information are more likely to have retirement plan, and they are also more likely to …
Persistent link: https://www.econbiz.de/10012910582
financial literacy is an important determinant of financial protection in the older pre-retirement population in Ireland. Using … with higher total household wealth, lower financial stress and higher expected retirement income. We find little evidence … assume responsibility for a greater share of their future retirement saving and health and long-term care costs. Financial …
Persistent link: https://www.econbiz.de/10012870293
-aged Canadians regarding their retirement income system. We first document important financial literacy differences across gender …, age, education, and labor market status. Using detailed questions on the four main aspects of the retirement income system …, we then show a strong correlation between financial literacy and the knowledge of the retirement system in Canada …
Persistent link: https://www.econbiz.de/10014553069
savings in retirement, this relationship is of increasing importance. We find differences between those people who self …-manage large retirement savings portfolios and those with money in institutional retirement savings funds, with the former …
Persistent link: https://www.econbiz.de/10013028535
Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial …
Persistent link: https://www.econbiz.de/10012860766
financial literacy and retirement planning. Overall we find aggregate levels of financial literacy similar to comparable … international norm, we find that financial skills increase with age. The role played by the Australia's mandatory private retirement …
Persistent link: https://www.econbiz.de/10013088809
Financial literacy and Canadians' capacity to plan for retirement is of primary importance for the policy debate over … and retirement planning in Canada to investigate how financially literate Canadians are and who does plan for retirement … that has been consistently found in other countries as well. Retirement planning is strongly associated with financial …
Persistent link: https://www.econbiz.de/10013025530
. In their planning process, individuals seek to achieve an optimal wealth level before their retirement by modulating …Recently, many papers show evidence of a positive association between financial literacy and wealth holdings. It is … often claimed that individuals with a higher level of financial literacy display a higher propensity to plan for retirement …
Persistent link: https://www.econbiz.de/10012997752
.S. adults with greater financial literacy tend to have better financial well-being. This report shows that retirement readiness … addition, it shows that retirement readiness is also related to longevity literacy. While typically an overlooked factor, the … importance of longevity literacy is not surprising since retirement income security inherently involves planning for the time …
Persistent link: https://www.econbiz.de/10014254866