Business, Management and Accounting
6 years ago

Financial literacy linked to retirement readiness: Are you prepared for the future?

RePEc: Research Papers in Economics
How ordinary consumers make complex economic decisions: Financial literacy and retirement readiness
Annamaria Lusardi, Olivia S. Mitchell

Paper Summary

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The study looked at how well people understand money and how it affects their retirement plans. They found that those who know more about finances are more likely to be ready for retirement. This means that having good financial knowledge can help you be better prepared for your future.