NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Outlook for Financial Literacy

Annamaria Lusardi, Olivia S. Mitchell

NBER Working Paper No. 17077
Issued in May 2011
NBER Program(s):   AG

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.

download in pdf format
   (99 K)

email paper

The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.

This paper is available as PDF (99 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w17077

Published: “The Outlook for Financial Literacy,” joint w ith Olivia Mitchell , in A. Lusardi and O . Mitchell (eds), “Financial Literacy. Implica tions for Retirement Security and the Financial Marketplace,” Oxford University Press , 2011, pp. 1 - 13 .

Users who downloaded this paper also downloaded these:
Lusardi and Mitchell w18952 The Economic Importance of Financial Literacy: Theory and Evidence
Lusardi w17821 Numeracy, financial literacy, and financial decision-making
Hastings, Madrian, and Skimmyhorn w18412 Financial Literacy, Financial Education and Economic Outcomes
Klapper, Lusardi, and Panos w17930 Financial Literacy and the Financial Crisis
Lusardi, Mitchell, and Curto w15352 Financial Literacy among the Young: Evidence and Implications for Consumer Policy
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us