The Role of Financial Literacy in Financial Decisions and Retirement Preparedness among Seniors and Older Adults
Objectives:
- To understand the characteristics of those who are “over-confident” among seniors (65+) and older adults (55-64)
- To understand the financial behaviours and outcomes that are associated with financial knowledge and confidence among seniors and older adults.
- To shed light on the needs of seniors and older adults in order to design effective intervention strategies.
This is a quantitative analysis using Statistics Canada’s public use microdata file of the Canadian Financial Capability Survey 2014.
Project Details
Capability: Policy Research
Policy Area: Adult Learning - Financial Literacy, Income Security - Income Security for Seniors
Population: Older Workers - Seniors
Type: Deck/Notes
Completion Date: November 2015
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