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Financial Literacy and the Need for Financial Education: Evidence and Implications
December 19, 2018Introduction Throughout their lifetime, individuals today are more responsible for their personal finances than ever before. With life expectancies rising, pension and social welfare systems are being strained. In many countries, employer-sponsored defined benefit (DB) pension plans are swiftly giving… Read More »
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Remarks of Annamaria Lusardi to the SEC Investor Advisory Committee
March 13, 2017Click here to view Director Lusardi's presentation from the SEC IAC meeting. View the agenda of the meeting by clicking here. Watch the meeting webcast by clicking here (Director Lusardi begins speaking at 48:09).
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Inflation Expectations and Behavior: Do Survey Respondents Act on Their Belief?
October 16, 2014Watch the video.
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FINANCIAL LITERACY: DO PEOPLE KNOW THE ABCs OF FINANCE?
February 01, 2014Abstract: Increasingly, 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 looks at financial literacy,… Read More »
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Financial literacy and stock market participation
August 01, 2011Abstract: We have devised two special modules for De Nederlandsche Bank (DNB) Household Survey to measure financial literacy and study its relationship to stock market participation. We find that the majority of respondents display basic financial knowledge and have some… Read More »