Year: 2011
Type: report
Abstract: As the world becomes more financially integrated and complex, average individuals and their families are increasingly faced with making highly sophisticated and all-too-often irreversible financial decisions.Nowhere is this more evident than with regard to retirement decision-making.Indeed, the global financial crisis suggests that poor financial decision-making can have substantial costs not only for individuals but also society at large.This paper focuses on key lessons for financial decision-making in the wake of that crisis, exploring how financial literacy can enhance peoples' skills and abilities to make more informed economic choices.
DOI: 10.3386/w17077
Authors: Annamaria Lusardi, Olivia Mitchell
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2106975706