Financial Literacy and Retirement Preparedness: Evidence and Implications for Financial Education

By Anna Lusardi, Olivia S Mitchelli. 2007

1,666 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/b77943ba4e72cf55dcfd841984f4ca9aa7faa91d

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Citations in the corpus

Perceptions of Financial Well-Being among American Women in Diverse Families (2010, result): “More educated women and women who contributed financially to the household tended to be less conservative and felt more financial security, similar to previous studies (e.g., Hogarth et al. 2005; Joo and Grable 2004; Lusardi and Mitchell 2007).”
Gender Differences in Personal Saving Behaviors (2010, background): “Lusardi and Mitchell (2007) found that women were generally less financially knowledgeable as compared with men, and financial literacy was found to affect both savings and portfolio choice.”
The Economic Importance of Financial Literacy: Theory and Evidence (2014, positive): “…1c, there are substantial differences in financial knowledge by education: specifically, those without a college education are much less likely to be knowledgeable about basic financial literacy concepts, as reported in several U.S. surveys and across countries (Lusardi and Mitchell 2007a, 2011c).”
Financial Literacy Among the Young: Evidence and Implications for Consumer Policy (2009, positive): “The large “don’t know” response rate was particularly troubling, as previous research has found that “don’t know” answers identified respondents with very low levels of financial knowledge (Lusardi and Mitchell 2006, 2007a; Lusardi and Tufano 2009; van Rooij, Lusardi, and Alessie 2007).”
Financial Literacy among the Young (2010, positive): “…2007), less likely to choose mutual funds with lower fees (Hastings and Tejeda-Ashton 2008), less likely to accumulate wealth and manage wealth effectively (Hilgert, Hogarth, and Beverly 2003; Stango and Zin-man 2007) and less likely to plan for retirement (Lusardi and Mitchell 2006, 2007a, 2009).”
Financial literacy and over-indebtedness in low-income households (2016, background): “Financial literacy is positively correlated with planning for retirement, savings and wealth accumulation (Lusardi and Mitchell 2007a, Hastings and Mitchell 2011, Van Rooij et al. 2012).”
Subjective Knowledge in Consumer Financial Decisions (2013, methodology): “2002; Fernandes, Lynch, and Netemeyer 2012; Lusardi 2008; Lusardi and Mitchell 2007; McKenzie and Liersch 2011; Navarro-Martinez et al. 2011; Soll, Keeny, and Larrick 2011; Stango and Zinman 2009a, b). For example, Benartzi et al. (2007) report that 20% of survey respondents said they would rather h”
THE IMPACT OF FINANCIAL LITERACY ON INDIVIDUAL SAVING: AN EXPLORATORY STUDY IN THE MALAYSIAN CONTEXT (2013, methodology): “Lusardi, Mitchell (2007b) examined how financial literacy impacts people’s preparedness for their retirement.”