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Testimony of Annamaria Lusardi Before the ERISA Advisory Council
May 28, 2015Summary: The transfer of risk from defined benefit plan sponsors to plan participants when offering lump sum distributions of pensions was the topic of Annamaria Lusardi’s testimony. In her testimony, she discussed the information that participants need to make informed decisions… Read More »
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FINANCIAL SOPHISTICATION IN THE OLDER POPULATION
October 01, 2014Abstract: This paper examines data on financial sophistication among the U.S. older population, using a special-purpose module implemented in the Health and Retirement Study. We show that financial sophistication is deficient for older respondents (aged 55+). Specifically, many in this… Read More »
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DEBT AND DEBT MANAGEMENT AMONG OLDER ADULTS
September 01, 2013Abstract: Many individuals lack the financial know-how to manage the complex new financial products increasingly available in the financial marketplace. How people borrow and manage debt has become of increasing policy maker concern, given recent evidence on Americans’ over-indebtedness. As… Read More »