November 2025
07Nov

Household financial literacy and retirement planning in rural China

By Yuting Qian, Weiqiang Tan & Jingbo Wu Amid the prevailing importance of discussing rural villagers' retirement in China, this study analyzes the relationship between the financial literacy of rural residents and their plans for retirement. Using in-depth survey data from the Greater Bay Area, this work examines the region's demographic structures and presents the different levels of rural residents' financial literacy. The findings are robust and indicate a positive correlation between financial literacy and retirement planning. The examination also reveals the moderating...

November 7, 2025
Articles, System Characterization, , ,
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August 2025
29Aug

Financial Literacy and Educator Behaviour: Insights from a Local Municipality in KwaZulu-Natal, South Africa

By Anrusha Bhana & Nkosinathi Princ Jali There is a substantial lack of financial literacy among educators, especially in emerging economies, which can influence personal and professional financial behavior. This study assessed whether financial literacy challenges influence high school educators' financial decision-making and behavior. An empirical study employing quantitative methodology assessed the lifestyle spending among high school educators and identified specific areas of financial literacy challenges and limitations. Data was collected randomly from a sample size of 246 out of...

August 29, 2025
Articles, Savings, , ,
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13Aug

US. The Silver Tsunami: Navigating Retirement Risk in a Declining Financial Literacy Landscape

As the global population ages, a quiet crisis is unfolding: financial literacy rates among older adults have plummeted to below 60%, a stark drop from 69.5% in 2020. This decline, driven by cognitive aging, digital disengagement, and inadequate educational resources, is creating a perfect storm for retirement planning. With 78% of retirees underestimating their life expectancy and $28 billion in U.S. scam losses reported in 2023 alone, the stakes for long-term financial resilience have never been higher. The erosion of...

August 13, 2025
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April 2025
24Apr

Aviva study reveals critical knowledge gap about UK pensions

New research from Aviva reveals a concerning gap between perceived and actual knowledge around pensions in the UK, reinforcing the need for greater financial literacy and support. Addressing these areas will help bridge the knowledge gap and ensure that more people are prepared for a financially secure retirement. The survey of more than 2000 UK adults uncovered widespread confusion about the basics of pension planning. While more than half (53%) claim to be knowledgeable about pensions, only a third can...

April 24, 2025
News, Slider,
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January 2025
10Jan

Retirees Relocate for Income Tax Exemptions

By Linda Gorman In 2013, the Portuguese government offered foreign retirees relocating to Portugal a 10-year tax exemption on their foreign-source pension income, provided their country of origin had a tax treaty with Portugal. As the number of immigrant retirees grew, the amount of forgone income taxes grew, reaching €1.5 billion, or about 0.6 percent of GDP, by 2021. In that year, the tax exemption was replaced by a 10 percent rate. In 2024, the exemption was repealed. Source National Bureau...

January 10, 2025
Articles, Pension design, , , ,
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October 2024
04Oct

Savings Goals Matter – Cognitive Constraints, Retirement Planning, and Downstream Economic Behaviors

By Zihan Ye, Thomas Post, Xiaopeng Zou & Shenglan Chen We study how cognitive constraints relate to each distinct step of the planning and execution process for retirement, that is, individuals’ propensity to plan, savings goals set, and economic outcomes (wealth accumulation and portfolio choice). We find that different cognitive constraints play distinct roles: Higher advanced financial literacy (and quantitative reasoning ability) predicts a greater propensity to plan, while higher basic financial literacy and verbal cognition predict setting higher savings...

October 4, 2024
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September 2024
06Sep

Improving Pension Information: Experimental Evidence on Learning Using Online Resources

By Denise Laroze, Gabriela Fajardo, Charles Noussair, Ximena Quintanilla, Paulina Granados, Pedro Vallette & Mauricio López-Tapia Deciding what to do with one's pension funds is a high-stakes, one-shot decision. Retirement schemes are often described in technical jargon that few people understand. We consider whether the learning process can be eased by providing information in video format (vs. the standard textual format) and by changes to the user interface of the websites on which individuals learn about their pension options. The...

September 6, 2024
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August 2024
30Aug

Improving Pension Information: Experimental Evidence on Learning Using Online Resources

By Denise Laroze, Gabriela Fajardo, Charles Noussair, Ximena Quintanilla, Paulina Granados, Pedro Vallette, Mauricio López-Tapia Deciding what to do with one's pension funds is a high-stakes, one-shot decision. Retirement schemes are often described in technical jargon that few people understand. We consider whether the learning process can be eased by providing information in video format (vs. the standard textual format) and by changes to the user interface of the websites on which individuals learn about their pension options. The results...

August 30, 2024
System Characterization, ,
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30Aug

Improving Pension Information: Experimental Evidence on Learning Using Online Resources

By Denise Laroze, Gabriela Fajardo, Charles Noussair, Ximena Quintanilla, Paulina Granados, Pedro Valette & Mauricio López-Tapia Deciding what to do with one's pension funds is a high-stakes, one-shot decision. Retirement schemes are often described in technical jargon that few people understand. We consider whether the learning process can be eased by providing information in video format (vs. the standard textual format) and by changes to the user interface of the websites on which individuals learn about their pension options. The...

August 30, 2024
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23Aug

A Wealth of Well-Being: A Holistic Approach to Behavioral Finance

By Meir Statman In A Wealth of Well-Being: A Holistic Approach to Behavioral Finance, Professor Meir Statman, established thought leader in behavioral finance, explores how life well-being, the overarching aim of individuals in the third generation of behavioral finance, is underpinned by financial well-being, and how life well-being extends beyond financial well-being to family, friendship, religion, health, work, and education. Combining recent scientific findings by scholars in finance, economics, law, medicine, psychology, and sociology with real-life stories at the intersection of finances and...

August 23, 2024
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