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The Importance of Financial Literacy: Evidence and Recommendations
December 01, 2020Watch the presentation.
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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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RISK LITERACY
March 27, 2015Abstract: I examine financial literacy—specifically knowledge of risk—using data from surveys in the United States and other countries. I show that risk literacy is very low; the majority of individuals lack knowledge of concepts such as risk diversification and do… Read More »