Tag: financial literacy
Understanding how long we might live can influence important decisions, such as how much to save or whether to buy an annuity. Yet, many people underestimate their chances of living to older ages, which may lead them to save too little and avoid annuities, potentially reducing their financial security in retirement…
The consensus in the research is that women’s financial literacy is lower than men’s. Maybe women aren’t as interested in the markets, and many are too busy juggling a job with taking care of the children to find time for financial matters anyway. Women’s general aversion to finance may also be akin to their lack…
