Is the belgian Youth Ready for the Reformed Pension System ?

The paper analyses levels of financial literacy among university students in a Belgian University and links them to their retirement savings preferences in a context in which a reform of the pension system has increased the importance of making individual retirement savings decisions at an early age. The core information is generated through a survey questionnaire including a small scenario, a financial literacy evaluation and questions on savings preferences. It is then processed through a logit model. The results show that financial literacy is relatively high in our sample of university stu... Mehr ...