Financial Literacy, Retirement Planning and Household Wealth
研究发现金融素养与家庭净资产有强正相关，即使控制其他因素也成立。金融素养通过促进股票投资和退休规划两条渠道帮助积累财富。
Relying on comprehensive measures of financial knowledge, we provide evidence of a strong positive association between financial literacy and net worth, even after controlling for many determinants of wealth. We discuss two channels through which financial literacy might facilitate wealth accumulation. First, financial knowledge increases the likelihood of investing in the stock market, allowing individuals to benefit from the equity premium. Second, financial literacy is positively related to retirement planning and the development of a savings plan has been shown to boost wealth.