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Presentation Format and Financial Literacy: Accessibility and Assessability of Retirement Savings Statements

Foster, F Douglas; Ng, Juliana; Wee, Marvin

Description

While increased financial literacy may improve individual retirement savings decisions, modifying the placement of key information in retirement savings statements can produce further improvements. We examined the extent to which placement of information and financial literacy affected the accessibility of information for individuals and assisted in their financial decision making. We also disaggregated financial literacy into numeracy and knowledge to identify key drivers. Using an...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
URI: http://hdl.handle.net/1885/98575
Source: Journal of Consumer Affairs
DOI: 10.1111/joca.12087

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