Research Project Abstract: Planning and Financial Literacy Among US Households: New Evidence

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10/31/2006: Research Project Abstract: Planning and Financial Literacy Among US Households: New Evidence (Regents of the University of Michigan)

Excerpt: An extended set of planning and financial literacy questions has been added to the Rand Internet Panel, which surveys younger respondents. Data ... will permit analysis of financial knowledge at different stages of the life-cycle. In addition, the project will assess whether lack of financial literacy represents an important obstacle for retirement planning and saving.

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