Difference between revisions of "Lusardi Mitchell Curto (2010) - Financial Literacy Among The Young"
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|Has page=Lusardi Mitchell Curto (2010) - Financial Literacy Among The Young | |Has page=Lusardi Mitchell Curto (2010) - Financial Literacy Among The Young | ||
| − | |Has title=Financial Literacy Among The Young | + | |Has bibtex key= |
| + | |Has article title=Financial Literacy Among The Young | ||
|Has author=Lusardi Mitchell Curto | |Has author=Lusardi Mitchell Curto | ||
|Has year=2010 | |Has year=2010 | ||
Latest revision as of 18:15, 29 September 2020
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| Has article title | Financial Literacy Among The Young |
| Has author | Lusardi Mitchell Curto |
| Has year | 2010 |
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| © edegan.com, 2016 | |
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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.
