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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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"The NBER Bulletin on Aging and Health provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email. Relatively little is known about why people fail to plan for retirement and whether planning and information costs might affect...
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