The more you know, the better you prepare for retirement.

That, and other findings, are part of a working paper from thePhiladelphia-based PensionResearch Council, which sought to learn whetherfinancial literacy is associated withhigher participation and contributionrates in the employer plan.

The paper’s researchers also evaluated, for those whoparticipated in the program, whether financial literacy influencessaving responses after exposure to a learning module.

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