Financial Literacy as One of Retirement Planning Determinants

Magdalena Swacha-Lech

Abstract


The aim of this paper is to show the influence of financial literacy on retirement planning, perceived as jump-start the retirement saving process. The article presents the results of the study in this area obtained by researchers in 8 selected countries. It also puts emphasis on the necessity for education with reference to saving, mainly in the area of long-term planning and personal finance management. In this context the author made an attempt to identify the conditions and factors determining the effective education with respect to the analyzed problem.


Keywords


financial literacy; financial decisions; retirement planning; retirement savings

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References


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DOI: http://dx.doi.org/10.17951/h.2016.50.4.477
Date of publication: 2017-02-20 17:31:15
Date of submission: 2016-07-21 11:19:16


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