Mohammad Nuruzzaman Khan|David W. Rothwell|Katrina Cherney|Tamara Sussman
Understanding the Financial Knowledge Gap: A New Dimension of Inequality in Later Life
McGill University|Oregon State University|McGill University|McGill University
understand individuals financial behaviors important understand financial knowledge gap distance ones objective subjective financial knowledge overestimating ones financial knowledge lead risky financial behaviors date limited empirical work examined financial knowledge gap varies across age groups analyze size nature financial knowledge gap variation across age groups using nationally representative data find robust evidence older adults overestimate financial knowledge social workers assess financial knowledge gap educate clients protect financial fraud exploitation abuse