Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25554 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorLusardi, Annamariaen
dc.date.accessioned2009-04-15-
dc.date.accessioned2009-07-24T13:48:49Z-
dc.date.available2009-07-24T13:48:49Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:hebis:30-56927en
dc.identifier.urihttp://hdl.handle.net/10419/25554-
dc.description.abstractIncreasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments. However, there is evidence that many individuals are not well-equipped to make sound saving decisions. This paper demonstrates widespread financial illiteracy among the U.S. population, particularly among specific demographic groups. Those with low education, women, African-Americans, and Hispanics display particularly low levels of literacy. Financial literacy impacts financial decision-making. Failure to plan for retirement, lack of participation in the stock market, and poor borrowing behavior can all be linked to ignorance of basic financial concepts. While financial education programs can result in improved saving behavior and financial decision-making, much can be done to improve these programs' effectiveness.en
dc.language.isoengen
dc.publisher|aGoethe University Frankfurt, Center for Financial Studies (CFS) |cFrankfurt a. M.en
dc.relation.ispartofseries|aCFS Working Paper |x2008/19en
dc.subject.jelD14en
dc.subject.jelD91en
dc.subject.ddc330en
dc.subject.keywordFinancial Literacyen
dc.subject.keywordFinancial Educationen
dc.subject.keywordSaving Decisionsen
dc.subject.stwFinanzmarkten
dc.subject.stwKapitalanlageen
dc.subject.stwSparenen
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwWissenen
dc.subject.stwBildungen
dc.subject.stwUSAen
dc.titleFinancial literacy: An essential tool for informed consumer choice?-
dc.typeWorking Paperen
dc.identifier.ppn577553798en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfswop:200819en

Files in This Item:
File
Size
313.53 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.