“Both financial literacy and short-run impatience play important roles in determining retirement saving, even after controlling for education and income,” researchers say in a study report.
The Financial Elements program breaks down challenging concepts into simple elements to increase financial literacy and reduce employee financial stress through education and behavioral coaching.
A collaborative survey between the U.S., Britain and Australia shows working-age employees struggle with retirement planning and saving.
A significant number of Americans underestimate how much they are likely to spend on health care in retirement, according to a recent Financial Engines survey.