Insights | 01.13.21
Retirement Literacy Among Women (and Men) Is Woefully Low: Survey
A large majority of Americans have failing grades when it comes to retirement literacy, according to a new study by the American College of Financial Services. Eighty-nine percent of women and 72 percent of men failed a 38-question test on retirement literacy in a population of 1,509 (821 women, 688 men). “Unlike men who claim to have higher levels of knowledge and then test poorly, women’s self- reported knowledge is more aligned to their actual literacy scores,” according to the study.
Read the full article on Think Advisor.