Annamaria Lusardi|Olivia S Mitchelli
Financial Literacy and Retirement Preparedness: Evidence and Implications for Financial Education
economists beginning investigate causes consequences financial illiteracy better understand retirement planning lacking many households arrive close retirement little wealth review reveals many households unfamiliar even basic economic concepts needed make saving investment decisions financial illiteracy widespread young older people united states countries appear woefully underinformed basic financial concepts serious implications saving retirement planning mortgages decisions response governments several nonprofit organizations undertaken initiatives enhance financial literacy experience countries including saving campaign japan well swedish pension privatization program offers insights possible roles financial literacy saving programs