Annamaria Lusardi|Olivia S. Mitchell
Planning and Financial Literacy: How Do Women Fare?
Dartmouth College|University of Pennsylvania
many older us households done little planning retirement substantial population seems undersave retirement particular concern relative position older women vulnerable oldage poverty due longer longevity paper uses data special module devised planning financial literacy 2004 health retirement study shows women display much lower levels financial literacy older population whole addition women less financially literate also less likely plan retirement successful planners findings important implications policy programs aimed fostering financial security older ages