Building up financial literacy and financial resilience

被引：3

作者：

Lusardi A. ^{[1
,2
]}

Hasler A. ^{[3
]}

Yakoboski P.J. ^{[4
]}

机构：

[1] The George Washington University, Washington, DC

[2] Global Financial Literacy Excellence Center, Washington, DC

[3] Global Financial Literacy Excellence Center, The George Washington University School of Business, Washington, DC

[4] TIAA Institute, Charlotte, NC

来源：

Mind & Society | 2021年 / 20卷 / 2期

关键词：

COVID-19; Financial education; Financial resilience; Personal finance;

D O I：

10.1007/s11299-020-00246-0

中图分类号：

学科分类号：

摘要：

This article uses data from the 2020 TIAA Institute-GFLEC Personal Finance (P-Fin) Index to show that many American families were financially fragile well before the COVID-19 pandemic hit the U.S. economy. Financial fragility is particularly severe among specific demographic groups, such as African-Americans and those with low income. The article also shows that financial fragility is strongly linked to financial literacy and that many Americans are ill-equipped to deal with the financial decisions needed to navigate through a financial crisis. Suggestions are provided to deal with personal finance decisions in times of emergency. © 2020, Springer-Verlag GmbH Germany, part of Springer Nature.

引用

页码：181 / 187

页数：6

共 4 条

[1]

Lusardi A., Mitchell O., The economic importance of financial literacy: theory and evidence, J Econ Lit, 52, 1, pp. 5-44, (2014)

[2]

Lusardi A., Schneider D., Tufano P., Financially fragile households: Evidence and implications, Brookings Papers on Economic Activity, pp. 83-134, (2011)

[3]

Yakoboski P., Lusardi A., Hasler A., Financial literacy and wellness among African Americans. New insights from the Personal Finance (P-Fin) Index, TIAA Institute and the Global Financial Literacy Excellence Center Special Report (October, (2019)

[4]

Yakoboski P., Lusardi A., Hasler A., The 2020 TIAA Institute-GFLEC Personal Finance Index. Many Do Not Know What They Do and Do Not Know, TIAA Institute and the Global Financial Literacy Excellence Center Special Report, (2020)

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