Posts Tagged: MONEY

Understanding money reduces worry about old age

Understanding money reduces worry about old age

People who possess a greater understanding of finance are less likely to fret about life in their twilight years. It seems financial literacy – the ability to understand how money works, enables people to accumulate more assets and income during their lifetime, and so increases confidence for the years ahead. Additionally, financial literacy seemingly engenders a greater perception for risk and enables those who have it to face off later-life’s dilemmas with ease.   These findings, from Associate Professor Yoshihiko Kadoya of Hiroshima University and Mostafa Saidur Rahim Khan of Nagoya University, stem from a study which asked people from across Japan to answer questions assessing their calculation skills, understanding… Read more