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Mature man is hired to handle outreach to senior adults

Abstract This paper highlights the extent and effects of financial illiteracy on American households, reviews previous efforts to promote financial literacy, and discusses new directions for such initiatives.  None of the traditional approaches to financial literacy – employer-based, school-based, credit counseling, or community-based – has generated strong evidence that financial literacy efforts have had positiv…

Working together on their budget

Abstract In light of the recent concerns regarding the solvency of Social Security’s Old-Age, Survivors, and Disability Insurance (OASDI), private pensions may play an increasingly important role in the retirement welfare of U.S. retirees.  However, the private pension landscape is also evolving in ways that may result in lower private pension wealth for retirees.  On…