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Key Findings Details

Financial Literacy and Retirement Planning: New Evidence from the Rand American Life Panel
by Annamaria Lusardi and Olivia S. Mitchell
WP 2007-157
  • By every measure, and in every sample examined, financial literacy proves to be a key determinant of retirement planning.
  • Financial literacy is higher when respondents were exposed to economics in school and to company-based financial education programs.

 

 

 

 

 

 

 


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