We investigate how financial literacy shapes older Americans’ demand for financial advice. Using an experimental module fielded in the Health and Retirement Study, we show that financial literacy strongly improves the quality but not the quantity of financial advice sought. In particular, more financia...
Bulter et al. (2007) state that when market liquidity is low, issuance costs for securities dealers and transaction costs for investors are higher; thus, firms have higher financing costs. Therefore, the higher the liquidity, the more the market resource allocation can be utilized, and the bett...
In our adventure through life, we are constantly making decisions. In fact - astudywas done that left me flabbergasted. I mean, who would have thought on an average day, adults make an estimated 35,000 decisions every day!! Make Independent Decisions Through Rational Thinking Now many of the...
At any level of conventional SES, women consumed greater variety and quantity of fruits or vegetables than men, adjusted for total energy, age and concurrent marital status. Table 2. Adjusted mean quantity and variety of fruit intakes by socioeconomic status among older adults in the EPIC-...
for clients. With the number of clients that each financial planning will likely serve, these interactions will not necessarily become deep, personal financial planning relationships. But that's not necessarily LearnVest's goal, either. The goal is to promote financial literacy and help pe...