ISR|SRC|Michigan Retirement Research Center|UofM
Mailing List | News | Contact Us
Follow onTwitter
Main photo Promoting research on retirement and Social Security policy

Key Findings Details

Financial Literacy and Retirement Planning: New Evidence from the Rand American Life Panel
Annamaria Lusardi and Olivia S. Mitchell
WP 2007-157

  • By every measure, and in every sample examined, financial literacy proves to be a key determinant of retirement planning.
  • Financial literacy is higher when respondents were exposed to economics in school and to company-based financial education programs.