Nine million students go back to school in the UK this week, after a long – and for many parents – exhausting summer holiday. The first few weeks of autumn term are often spent revising rather than learning anything new – struggling to remember times tables, capital cities and important dates. But what about […]
The problem with millennial investors is that many of them still lack financial literacy while others tend to be overconfident when investing, says Rachel Lau, co-founder of venture capital firm RHL Ventures. These issues must be addressed so they can make more informed investment decisions. Discover more here
With lesser earnings and savings, women must prepare for longer life expectancy. Unless they have a job that provides a lifetime pension income, this means women need to save more to cover more years in retirement and likely higher medical costs. Read more here
The FINRA Foundation study asked participants a handful of questions about interest rates, investing, bond prices, mortgages and risk — all the basics. However, only 37% of people answered at least four out of five questions correctly. Take the test here
W20 has started its meetings and roundtables in Berlin, Germany on April 25, 2017. The main goal of Women20 (W20) is to promote women’s economic empowerment as an integral part of the G20 process. In a broad dialogue using digital tools, expert meetings and roundtables as well as the W20 Summit, W20 joins the global […]
Fewer employers offer defined-benefit pension plans. Instead they require employees to parse byzantine literature and make life-altering choices for themselves. And more options are available than ever before. Discover more on the topic here .
Financial products are becoming ever more complex and difficult to understand, particularly for those without an M.B.A. As a result, the ill-informed who must take individual responsibility for their finances can get into long-term, and potentially very damaging, problems. Read here for some insights.
April is Financial Literacy Month, that time of year when you’re supposed to assess how much (or how little) you know about money and finances. Walter Updegrave argues that understanding these five big-picture principles is even more crucial to reaching financial goals like having enough money for retirement. Discover which one here .
Annamaria Lusardi, Founder and Academic Director of GFLEC, along with Pierre-Carl Michaud, HEC Montréal and RAND, and Olivia S. Mitchell, University of Pennsylvania and National Bureau of Economic Research, addresses the concept of financial knowledge as the key determinant of wealth inequality for the Journal of Political Economy of the University of Chicago. Journal of Political Economy, Volume […]
U.S. adults are split 50/50 between those who could and those who could not answer over one-half of the P-Fin Index questions correctly. Sixteen percent of Americans demonstrated a relatively high level of personal finance knowledge and understanding, i.e., they answered over 75% of the index questions correctly. Twenty percent have a relatively low level of […]