Planning and Financial Literacy: How Do Women Fare?
|dc.description.abstract||This study uses data from the module on planning and financial literacy devised for the Health and Retirement Study in 2004. It finds that women display much lower levels of literacy than respondents in the total sample. Lack of literacy has implications for planning: women who are less financially literate are less likely to plan for retirement and be successful planners. These findings have important implications for policy and for programs aimed at fostering financial security. Because financial illiteracy is widespread among women, a one-time financial education seminar is unlikely to sufficiently influence planning and saving decisions. Similarly, education programs targeted specifically at women may be better suited to addressing large differences in preferences, savings needs, and financial knowledge.||en|
|dc.description.sponsorship||Social Security Administration||en|
|dc.publisher||Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104||en|
|dc.title||Planning and Financial Literacy: How Do Women Fare?||en|
|dc.subject.hlbsecondlevel||Population and Demography|
|dc.contributor.affiliationum||University of Michigan Retirement Research Center||en|
|dc.contributor.affiliationum||Institute for Social Research|
|dc.contributor.affiliationother||Dartmouth College and NBER||en|
|dc.owningcollname||Retirement and Disability Research Center, Michigan (MRDRC)|
Files in this item
Accessibility: If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.