Business, Management and Accounting
4 years ago

Financial literacy linked to retirement readiness: knowledge key to secure future.

National Bureau of Economic Research
How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness
Annamaria Lusardi, Olivia S. Mitchell

Paper Summary

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.

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