(UM06-05) - Planning and Financial Literacy: How Do Women Fare?
Many households in the US have done little or no planning for retirement. Women represent a disproportionate share of non-planners,
and there is much concern about how female-headed households will fare
after retirement. To gain a better insight on these issues, the author
and Olivia Mitchell have devised and fielded a new module for the 2004
Health and Retirement Study on planning and financial literacy. Data
from this module will allow the assessment of which tools and sources
of information women use when making saving decisions. Moreover, it
will assess whether lack of financial literacy represents an important
obstacle for planning and saving for retirement among this group of
the population where saving is most scarce.