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Are people ready to take pivotal financial decisions like choosing a mortgage, saving for retirement, or investing their savings? How does the degree of knowledge about financial products and services affect the quality of their choices? Can financial fraud be prevented by increasing consumer financial knowledge? Financial Literacy in Europe addresses these important questions and more. In the first part, the author investigates the concept of financial literacy by analyzing its components and comparing different definitions from previous studies. This then forms a comprehensive measure of financial literacy to be applied in empirical studies that analyze the role of financial literacy in explaining consumers' financial behaviors. In the second part of the study, the author uses brand new data collected by the Consumer Finance Research Center (CFRC) from several European countries (the UK, Germany, France, Italy, Sweden, and Spain) to assess financial literacy in Europe and highlight similarities and differences across countries. Filling an important gap in previous research, the author develops a rigorous approach in the measurement of financial literacy in order to examine European financial literacy issues in great detail. This book, therefore, is a useful resource for assessing the effectiveness of single financial education programs or planning national strategies on financial education. It can also support policy makers in developing financial regulation and consumer protection strategies, considering the consumer perspective and their ability to deal with financial markets and institutions.

Financial literacy --- Finance, Personal --- Financial management, Personal --- Financial planning, Personal --- Personal finance --- Personal financial management --- Personal financial planning --- Finance --- Capability, Financial (Financial literacy) --- Financial capability (Financial literacy) --- Literacy, Financial --- Life skills --- Planning

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“Dr. Chien’s book aims to help middle class retirees get a better handle on their retirement finances by ensuring that all of their key household assets are considered in the planning process. It is essential reading for retirees and their advisors who are seeking how to best position assets for a successful retirement.” —Wade D. Pfau, PhD, CFA, RICP, Program Director for the Retirement Income Certified Professional program at The American College of Financial Services and host of RetirementResearcher.com “Dr. Chien’s research is built on a solid foundation of easy to follow logic and careful calculations. For many, aging in place is no longer a foregone conclusion but the result of a reasoned and well-informed process of optimization. She shows seniors, children of aging parents, and advisors to these households how to think about this inevitable choice. —Jeffrey W. Lang Sr., PhD, CFP®, CLF®, CRPC®, CLU®. Director of Centralized Supervision, Lincoln Financial Advisors “In addition to presenting her unique retirement planning research models, Dr. Chien offers case studies to demonstrate the efficacy of her strategies.” —J. Barnes. Senior Vice President and Investment Counselor, Capital Group Private Client Services “Moving into retirement for many is a journey fraught with the unknown. Dr Chien’s book helps pre-retirees and retirees ease into this journey by giving them easy to understand and solid examples. This book speaks to the advisors as well giving them potential ways to optimize all client assets in the pursuit of a successful retirement.” —Angela G Ribuffo, RICP, CFP, ChFC, CDFA, CLTC, President, Raion Financial Strategies LLC and Immediate Past President of Women in Insurance and Financial Services (WIFS) Chia-Li Chien, Ph.D., CFP®, PMP®, is an Assistant Professor and Director of the Financial Planning Program of California Lutheran University and a Succession Program Director at the Value Growth Institute. She authored two award-winning books, Show Me the Money (2010) and Work Toward Rewards (2012). She frequently speaks at local and national conferences. She hosts succession blog at valuegrowthinstitute.com, leads pro bono projects, and serves on the boards of various national financial service associations.

Retirement income --- Planning. --- Personal finance. --- Pension plans. --- Personal Finance/Wealth Management/Pension Planning. --- Finance, Personal --- Financial management, Personal --- Financial planning, Personal --- Personal finance --- Personal financial management --- Personal financial planning --- Finance --- Financial literacy --- Planning

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It is a well-known saying that money does not buy happiness. But it certainly helps in life. It is important to have enough of it to satisfy our needs and to secure ourselves from emergency situations. That's what adults think. And what about the youth? What is their approach to money, what do they know about finances and how are their skills in everyday financial management coming along? What kind of knowledge and skills should be provided? Do young people in different countries represent similar or different approaches to financial matters? Using the results of a research on young people in Poland and Germany, the authors draw a picture of financial literacy. They furthermore present a number of recommendations that help developing the knowledge and the financial skills of young people in practice.

Financial literacy --- Finance, Personal --- Financial management, Personal --- Financial planning, Personal --- Personal finance --- Personal financial management --- Personal financial planning --- Finance --- Capability, Financial (Financial literacy) --- Financial capability (Financial literacy) --- Literacy, Financial --- Life skills --- Planning

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This book reviews problems with credit use and causes of indebtedness among young adults, while uncovering possibilities to encourage a healthier attitude towards loans in this segment of the population. Both consumption loans and mortgages are covered in order to adequately represent real-world credit use by young people about to enter adulthood. It focuses on three distinctive actors: the legislative authorities, the financial institution, most commonly a bank, and finally the individual borrower. More specifically, the book discusses the functioning of these three entities in the context of young adults borrowing behaviour, and would appeal to academics, researchers and students of financial institutions and banking.

Young adults --- Finance, Personal. --- Banks and banking. --- Personal finance. --- Banking. --- Personal Finance/Wealth Management/Pension Planning. --- Finance, Personal --- Financial management, Personal --- Financial planning, Personal --- Personal finance --- Personal financial management --- Personal financial planning --- Finance --- Financial literacy --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Financial institutions --- Money --- Planning --- Pension plans.

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Kerry Johnson explains why investors (possibly your clients) make such poor decisions with their money.

E-books --- Finance, Personal. --- Decision making. --- Choice (Psychology) --- Psychology --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Problem solving --- Finance, Personal --- Financial management, Personal --- Financial planning, Personal --- Personal finance --- Personal financial management --- Personal financial planning --- Finance --- Financial literacy --- Decision making --- Planning