Jump to ContentJump to Main Navigation
Overcoming the Saving SlumpHow to Increase the Effectiveness of Financial Education and Saving Programs$
Users without a subscription are not able to see the full content.

Annamaria Lusardi

Print publication date: 2009

Print ISBN-13: 9780226497099

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226497105.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use (for details see http://www.chicago.universitypressscholarship.com/page/privacy-policy).date: 12 December 2017

Adjusting Retirement Goals and Saving Behavior: The Role of Financial Education

Adjusting Retirement Goals and Saving Behavior: The Role of Financial Education

Chapter:
(p.237) Chapter Eight Adjusting Retirement Goals and Saving Behavior: The Role of Financial Education
Source:
Overcoming the Saving Slump
Author(s):
Robert L. Clark, Madeleine Ambrosio
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226497105.003.0009

This chapter, which describes a well-crafted financial education program implemented by Teachers Insurance and Annuity Association-College Retirement Equities Fund, also assesses the effect of financial education seminars on retirement income goals and retirement saving behavior. The results show that participants in financial education seminars respond to the knowledge and information gained by altering their retirement goals and changing their saving behavior. In response to the seminars, the proportion of participants who changed either of their retirement goals was relatively small. Women are more likely to change goals and behavior after the seminar. Female respondents had much lower account balances in their retirement plans than men. Financial education can cause workers to reconsider their retirement goals and alter their saving behavior. The lack of financial literacy has resulted in movements to automate the retirement saving process.

Keywords:   financial education program, Teachers Insurance, College Retirement Equities, financial education seminars, retirement income goals, retirement saving behavior, financial literacy

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.