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E2c Financial Sophistication of Single Women and Retirement Planning
Short Description
This paper examines the association between retirement planning and financial literacy of single women who have yet to retire. The results show that women who are single, separated, divorced, or widowed women are less likely to engage in retirement planning compared to married women, which is consistent with the hypothesis and existing studies on this topic. The study also finds that financially literate women are more likely to engage in retirement planning than those who are financially illiterate. The results of this study imply the need for financial planners and employers to educate and support single women regarding their retirement planning.
Type of presentation
Accepted Oral Presentation