Annamaria Lusardi|Olivia S. Mitchell
Financial literacy around the world: an overview
Washington School of Psychiatry|University of Pennsylvania
abstract increasingly risky globalized marketplace people must able make wellinformed financial decisions new international research demonstrates financial illiteracy widespread welldeveloped rapidly changing markets women less financially literate men young old less financially literate middleaged educated people financially knowledgeable importantly financially literate likely plan retirement instrumental variables estimates show effects financial literacy retirement planning tend underestimated sum around world financial literacy critical retirement security