Advisers Giving Back: Teaching Financial Literacy
Barbara Delaney, a principal at StoneStreet Renaissance LLC, teaches high school girls how to handle money.
Financial Illiteracy Challenges Those Investing Only in DC Plans
A research report argues that even defined contribution (DC) plan participants in plans with a default investment do not have the financial acumen to know whether the default is right for them or whether they should opt out.
Financial Literacy Leads to Better Retirement Planning
A large majority of those who answer questions on a financial quiz correctly are more likely to save for retirement.
Best Practices for Financial Literacy Programs Among Local Governments
The Center for State & Local Government Excellence notes that with many local governments shifting benefits decisions to workers, those workers need help understanding finance basics.
Researchers Find Impatience and Financial Literacy Affect Retirement Savings Decisions
The researchers say their results imply that it may be useful to facilitate decision making, particularly among the less-educated, as well as to facilitate people committing to and carrying out long-term financial decisions.