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Financial literacy is the knowledge and skills required to manage one's financial resources effectively. Financial …
Persistent link: https://www.econbiz.de/10014351405
need for financial education in early stages of life that combines theoretical knowledge with confidence building measures. …
Persistent link: https://www.econbiz.de/10014500367
Six years of data from the TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) clearly demonstrate that U.S. adults with greater financial literacy tend to have better financial well-being. This report shows that retirement readiness, a specific realm of financial well-being, likewise...
Persistent link: https://www.econbiz.de/10014254866
may be a contribution to whole society in sharing the knowledge within their environment …
Persistent link: https://www.econbiz.de/10013055273
point strongly to transfer of knowledge rather than mere imitation. They are relevant both for financial education and for …
Persistent link: https://www.econbiz.de/10011574317
of causal impact of exposure and of a social multiplier of financial knowledge, but also of unfavorable distributional ….Findings point to transfer of knowledge rather than mere imitation or effects through labor, education, or mobility channels. …
Persistent link: https://www.econbiz.de/10011936226
reciprocity. At the same time, the country's religious composition drives the association between altruism and financial knowledge …
Persistent link: https://www.econbiz.de/10012648266
This paper examines financial literacy in Canada using a dataset from early 2023 that measures the knowledge of middle …, we then show a strong correlation between financial literacy and the knowledge of the retirement system in Canada …. Finally, we provide evidence that general financial literacy and knowledge of the retirement system matter for retirement …
Persistent link: https://www.econbiz.de/10014553069
We study the impact of financial literacy on financial risk preference. When financial literacy is measured jointly by actual and self-assessed scores, we find compelling evidence of a valley-shaped relationship between actual financial literacy and risk preference. At a given level of...
Persistent link: https://www.econbiz.de/10014289498
The German population has good financial knowledge measured on the basis of three financial literacy questions. Around …-age acquire financial knowledge to improve their investment decisions. Interestingly, the possession of a state subsidised Riester … knowledge to save for old-age. Nevertheless, individuals in the lowest income quintile still have very low levels of private …
Persistent link: https://www.econbiz.de/10013149191