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Youth. We showed that financial literacy is low; fewer than one-third of young adults possess basic knowledge of interest … education whose parents were not wealthy. These findings have implications for consumer policy. -- Financial Knowledge ; Peer …
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by exploiting information about respondent financial knowledge acquired in school. Results show that those with more … advanced financial knowledge are those more likely to be retirement-ready. -- Financial Knowledge ; Financial Sophistication …
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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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's most rapidly aging nations. Using the Singapore Life Panel®, we explore older Singaporeans' levels of financial knowledge … dimensions (knowledge of interest and inflation), and slightly higher on their knowledge of risk diversification. We document …
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own retirement security, this lack of knowledge has serious implications …
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