Texas Tech University

Financial Literacy Fuels Good Decision Making

Marlene Satter and Caroline Marwitz

July 13, 2018

Credit Union Times - Two studies show financial literacy is more important than you thought.

This is one time where KISS (keep it simple, stupid) isn't the answer, according to a new study from Texas Tech University.

In the report, Charlene Kalenkoski, director of the Retirement Planning and Living Research Initiative in the Texas Tech University Department of Personal Financial Planning, is quoted saying, "The goal of this research was to investigate whether simplifying retirement plan information provided by employers would encourage employees to participate in retirement plans and to make good decisions regarding how much to contribute and how to invest those contributions."

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