Planning and Financial Literacy: How Do Women Fare?

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dc.contributor.author Lusardi, Annamaria
dc.date.accessioned 2007-02-12T21:55:34Z
dc.date.available 2007-02-12T21:55:34Z
dc.date.issued 2006-10
dc.identifier.uri http://hdl.handle.net/2027.42/49388
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.format.extent 98163 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US en
dc.publisher Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104 en
dc.relation.ispartofseries WP 2006-136 en
dc.title Planning and Financial Literacy: How Do Women Fare? en
dc.type Working Paper en
dc.subject.hlbsecondlevel Population and Demography
dc.subject.hlbtoplevel Social Sciences
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.contributor.affiliationumcampus Ann Arbor en
dc.description.bitstreamurl http://deepblue.lib.umich.edu/bitstream/2027.42/49388/1/wp136.pdf en_US
dc.owningcollname Retirement Research Center, Michigan (MRRC)
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