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assume responsibility for a greater share of their future retirement saving and health and long-term care costs. Financial … 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 …
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better retirement planning. However, relatively little is known about the decision making process for retirement savings … preparation for retirement. This paper investigates the relationship between the financial literacy of members of pre-retirement …
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-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 …
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