Financial literacy and retirement planning in Australia

Agnew, J; Bateman, H; Thorp, SJ

Financial literacy and retirement planning in Australia

Agnew, J Bateman, H Thorp, SJ

Permalink

Publisher:: National Numeracy Network
Publication Type:: Journal Article
Citation:: Numeracy, 2013, 6 (2), pp. 1 - 25
Issue Date:: 2013-01

Open Access

Copyright Clearance Process

Recently Added
In Progress
Open Access

This item is open access.

Adobe PDF

Download full textAdobe PDF (319.37 kB)

View on publisher's site

View statistics

Full metadata record

Field	Value	Language
dc.contributor.author	Agnew, J	en_US
dc.contributor.author	Bateman, H	en_US
dc.contributor.author	Thorp, SJ	en_US
dc.date.issued	2013-01	en_US
dc.identifier.citation	Numeracy, 2013, 6 (2), pp. 1 - 25	en_US
dc.identifier.issn	1936-4660	en_US
dc.identifier.uri	http://hdl.handle.net/10453/27697
dc.description.abstract	Financial literacy and numeracy are closely tied. Furthermore, financial literacy has been shown to relate to important financial behaviors. This study examines the relationship between financial literacy and retirement planning using a measure that includes questions requiring numeracy. We implement a customized survey to a representative sample of 1,024 Australians. Overall, we find aggregate levels of financial literacy similar to comparable countries with the young, least educated, those not employed, and those not in the labor force most at risk. Our financial literacy measure is positively related to retirement planning in our sample.	en_US
dc.publisher	National Numeracy Network	en_US
dc.relation.ispartof	Numeracy	en_US
dc.relation.isbasedon	10.5038/1936-4660.6.2.7	en_US
dc.title	Financial literacy and retirement planning in Australia	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	6	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
utslib.for	13 Education	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Strength - CENSOC - Study of Choice
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.issue	2	en_US
pubs.volume	6	en_US

Abstract:

Financial literacy and numeracy are closely tied. Furthermore, financial literacy has been shown to relate to important financial behaviors. This study examines the relationship between financial literacy and retirement planning using a measure that includes questions requiring numeracy. We implement a customized survey to a representative sample of 1,024 Australians. Overall, we find aggregate levels of financial literacy similar to comparable countries with the young, least educated, those not employed, and those not in the labor force most at risk. Our financial literacy measure is positively related to retirement planning in our sample.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/27697