TY - JOUR T1 - Financial Knowledge and Financial Literacy at the Household Level JF - The American Economic Review Y1 - 2012 A1 - Alan L Gustman A1 - Thomas L. Steinmeier A1 - N. Tabatabai KW - Net Worth and Assets KW - Other KW - Public Policy KW - Retirement Planning and Satisfaction KW - Social Security AB - There is evidence of a relation between numeracy and wealth held outside of pensions and Social Security. With pensions and Social Security accounting for half of wealth at retirement, and evidence that those with pensions save more in other forms, one would expect to find knowledge of pensions and Social Security influencing retirement saving. Yet we find no evidence that knowledge of pensions and Social Security is related to nonpension, non-Social Security wealth, to numeracy, or that it plays an intermediate role in the numeracy-wealth relation. Our findings raise questions about policies that would enhance numeracy to increase retirement saving. PUBLICATION ABSTRACT PB - 102 VL - 102 IS - 3 U4 - numeracy/retirement planning/social security/Wealth/public policy ER -