Difference between revisions of "Lusardi Mitchell Curto (2010) - Financial Literacy Among The Young"
Jump to navigation
Jump to search
imported>Ed (New page: *This page is referenced in The NBER Entrepreneurship Research Boot Camp Page ==Reference(s)== *Lusardi, ...) |
|||
Line 1: | Line 1: | ||
+ | {{Article | ||
+ | |Has page= | ||
+ | |Has title= | ||
+ | |Has author= | ||
+ | |Has year= | ||
+ | |In journal= | ||
+ | |In volume= | ||
+ | |In number= | ||
+ | |Has pages= | ||
+ | |Has publisher= | ||
+ | }} | ||
*This page is referenced in [[Entrepreneurship_Research_Boot_Camp#The_Decision_to_become_an_Entrepreneur | The NBER Entrepreneurship Research Boot Camp Page]] | *This page is referenced in [[Entrepreneurship_Research_Boot_Camp#The_Decision_to_become_an_Entrepreneur | The NBER Entrepreneurship Research Boot Camp Page]] | ||
Revision as of 11:48, 29 September 2020
Article | |
---|---|
Has bibtex key | |
Has article title | |
Has year | |
In journal | |
In volume | |
In number | |
Has pages | |
Has publisher | |
© edegan.com, 2016 |
- This page is referenced in The NBER Entrepreneurship Research Boot Camp Page
Reference(s)
- Lusardi, Annamaria, Olivia Mitchell and Vilsa Curto (2010), "Financial Literacy among the Young", Journal of Consumer Affairs, Special Issue on Financial Literacy, 44, pp. 358-380. pdf
Abstract
We examined financial literacy among the young using the most recent wave of the 1997 National Longitudinal Survey of Youth. We showed that financial literacy is low; fewer than one-third of young adults possess basic knowledge of interest rates, inflation and risk diversification. Financial literacy was strongly related to sociodemographic characteristics and family financial sophistication. Specifically, a collegeeducated male whose parents had stocks and retirement savings was about 45 percentage points more likely to know about risk diversification than a female with less than a high school education whose parents were not wealthy.