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

摘要: Economists are beginning to investigate the causes and consequences of financial illiteracy better understand why retirement planning is lacking so many households arrive close with little or no wealth. Our review reveals that unfamiliar even most basic economic concepts needed make saving investment decisions. Such widespread: young older people in United States other countries appear woefully under-informed about computations, serious implications for saving, planning, mortgages, In response, governments several nonprofit organizations have undertaken initiatives enhance literacy. The experience countries, including a campaign Japan as well Swedish pension privatization program, offers insights into possible roles literacy programs.