The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.
Financial literacy and retirement planning in the United States
Abstract
We examine financial literacy in the US using the new National Financial Capability Study, wherein we demonstrate that financial literacy is particularly low among the young, women, and the less-educated. Moreover, Hispanics and African-Americans score the least well on financial literacy concepts. Interestingly, all groups rate themselves as rather well-informed about financial matters, notwithstanding their actual performance on the key literacy questions. Finally, we show that people who score higher on the financial literacy questions are much more likely to plan for retirement, which is likely to leave them better positioned for old age. Our results will inform those seeking to target financial literacy programmes to those in most need.
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Citations
Cites
Financial literacy and stock market participation
van Rooij, M., Lusardi, A., & Alessie, R. (2011) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.03.006 · Cited by 3,554 · cited 2×
“For example, the less financially literate participate less in the stock market (van Rooij et al. 2011); choose mutual funds with higher fees (Hastings and Tejeda-Ashton, 2008); select higher-cost pension managers (Hastings and Mitchell 2010); and amass less retirement wealth (Behrman et al. 2010).”
Self-citationCAMPBELL, J. Y. (2006) · The Journal of Finance · doi:10.1111/j.1540-6261.2006.00883.x · Cited by 2,178
Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth
Lusardi, A., & Mitchell, O. S. (2007) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2006.12.001 · Cited by 2,140
Self-citationFinancial Literacy Among the Young
Lusardi, A., Mitchell, O. S., & Curto, V. (2009) · SSRN Electronic Journal · doi:10.2139/ssrn.1476982 · Cited by 1,804
Self-citationFinancial Literacy among the Young
LUSARDI, A., MITCHELL, O. S., & CURTO, V. (2010) · Journal of Consumer Affairs · doi:10.1111/j.1745-6606.2010.01173.x · Cited by 1,804
Self-citation(2003) · Federal Reserve Bulletin · Cited by 1,764
Financial Literacy and Retirement Preparedness: Evidence and Implications for Financial Education
Lusardi, A., & Mitchelli, O. S. (2007) · Business Economics · doi:10.2145/20070104 · Cited by 1,596
Self-citationPlanning and Financial Literacy: How Do Women Fare?
Lusardi, A., & Mitchell, O. S. (2008) · American Economic Review · doi:10.1257/aer.98.2.413 · Cited by 1,512
Self-citationLiquidity Constraints, Household Wealth, and Entrepreneurship
Hurst, E., & Lusardi, A. (2004) · Journal of Political Economy · doi:10.1086/381478 · Cited by 1,296
Self-citationFinancial Literacy and Planning: Implications for Retirement Wellbeing
Lusardi, A., & Mitchell, O. (2011) · National Bureau of Economic Research · doi:10.3386/w17078 · Cited by 1,253
Self-citation
Cited by
The Economic Importance of Financial Literacy: Theory and Evidence
Lusardi, A., & Mitchell, O. S. (2014) · Journal of Economic Literature · doi:10.1257/jel.52.1.5 · Cited by 4,698
Self-citationFinancial Literacy, Financial Education, and Downstream Financial Behaviors
Fernandes, D., Lynch, J. G., & Netemeyer, R. G. (2014) · Management Science · doi:10.1287/mnsc.2013.1849 · Cited by 2,152
Debt literacy, financial experiences, and overindebtedness
LUSARDI, A., & TUFANO, P. (2015) · Journal of Pension Economics and Finance · doi:10.1017/s1474747215000232 · Cited by 1,412
Self-citationTHE EFFECTS OF PERCEIVED AND ACTUAL FINANCIAL LITERACY ON FINANCIAL BEHAVIORS
Allgood, S., & Walstad, W. B. (2016) · Economic Inquiry · doi:10.1111/ecin.12255 · Cited by 620
(2014) · Econometrica · doi:10.3982/ecta11991 · Cited by 586
Metadata
- Authors
- LUSARDI, A., & MITCHELL, O. S.
- Venue
- Journal of Pension Economics and Finance
- Publisher
- Cambridge University Press (CUP)
- Published
- 2011-10
- Volume
- 10
- Issue
- 4
- Pages
- 509-525
- ISSN
- 1474-7472 (ISSN-L)
- 1475-3022
- OpenAlex
- W3125678016
- Cited by
- 911
- References
- 45
- FWCI
- 94.96
- Type
- journal article
- Language
- en
- Open access
- closed
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- LUSARDI, A., & MITCHELL, O. S. (2011). Financial literacy and retirement planning in the United States. Journal of Pension Economics and Finance. https://doi.org/10.1017/s147474721100045x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
