Students, on the whole, have more leeway to exercise their own discretion regarding matters of personal finance. On other hand, current phenomenon does not indicate that students a good grasp financial concepts. In order for be able make most money they have, need provided with an education teaches them information and skills how properly handle funds. The goal this study is determine which fac...

There is ample empirical evidence documenting widespread financial illiteracy and limited pension knowledge. At the same time, the net worth distribution is heavily dispersed and many workers arrive on the verge of retirement with little or no personal wealth. This paper is the first to investigate the relation between financial sophistication and household net worth relying on specific measure...