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Financial literacy among the young
by
CURTO, VILSA
, MITCHELL, OLIVIA S.
, LUSARDI, ANNAMARIA
in
Bildungsniveau
/ Company financing
/ Credit cards
/ Decision-making
/ Demographics
/ Diversifiable risk
/ Diversification
/ Educational attainment
/ Finance
/ Financial literacy
/ Finanzmarkt
/ Inflation
/ Inflation rates
/ Information
/ Interest rates
/ Jugendlicher
/ Literacy
/ Mothers
/ Parents
/ Personal finance
/ Retirement savings
/ Risk
/ Risk assessment
/ Savings
/ Social aspects
/ Studies
/ Surveys
/ Teenagers
/ USA
/ Verbraucherpolitik
/ Wirtschaft
/ Wissen
/ Young adults
/ Youth
2010
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Financial literacy among the young
by
CURTO, VILSA
, MITCHELL, OLIVIA S.
, LUSARDI, ANNAMARIA
in
Bildungsniveau
/ Company financing
/ Credit cards
/ Decision-making
/ Demographics
/ Diversifiable risk
/ Diversification
/ Educational attainment
/ Finance
/ Financial literacy
/ Finanzmarkt
/ Inflation
/ Inflation rates
/ Information
/ Interest rates
/ Jugendlicher
/ Literacy
/ Mothers
/ Parents
/ Personal finance
/ Retirement savings
/ Risk
/ Risk assessment
/ Savings
/ Social aspects
/ Studies
/ Surveys
/ Teenagers
/ USA
/ Verbraucherpolitik
/ Wirtschaft
/ Wissen
/ Young adults
/ Youth
2010
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Do you wish to request the book?
Financial literacy among the young
by
CURTO, VILSA
, MITCHELL, OLIVIA S.
, LUSARDI, ANNAMARIA
in
Bildungsniveau
/ Company financing
/ Credit cards
/ Decision-making
/ Demographics
/ Diversifiable risk
/ Diversification
/ Educational attainment
/ Finance
/ Financial literacy
/ Finanzmarkt
/ Inflation
/ Inflation rates
/ Information
/ Interest rates
/ Jugendlicher
/ Literacy
/ Mothers
/ Parents
/ Personal finance
/ Retirement savings
/ Risk
/ Risk assessment
/ Savings
/ Social aspects
/ Studies
/ Surveys
/ Teenagers
/ USA
/ Verbraucherpolitik
/ Wirtschaft
/ Wissen
/ Young adults
/ Youth
2010
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Journal Article
Financial literacy among the young
2010
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Overview
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 college-educated 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.
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