11.30.03

Ignorance Is Not Bliss: The Importance Of Financial Education

IGNORANCE IS NOT BLISS: THE IMPORTANCE OF FINANCIAL EDUCATION

Summary

In this article, the authors assess the impact of participation in financial education seminars offered by TIAA on retirement goals and retirement saving behaviors. Specifically, the authors examine whether participants in these seminars revised their expected retirement age and/or their desired level of retirement income after attending a seminar. Through the use of an additional survey that participants completed several months after attending the seminar, the authors also determined whether individuals actually made changes in their retirement saving

Authors

Robert Clark

North Carolina State University

Madeleine Ambrosio
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