Yoshihiko Kadoya, Mostafa Saidur Rahim Khan, Tomomi Hamada, Alvaro Dominguez
This study examines whether financial literacy can help to reduce anxiety about
life in old age. We hypothesized that financially literate people are more able
to earn income and accumulate assets, leading them to have a less anxious life
in old age. On the other hand, less financially literate people rely more on
social security to secure themselves in the old age as they are not able to
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