The United States’ Social Security Act of 1935 set up a social insurance programme for American workers, providing them with at least some degree of certainty about income after retirement. But, in today’s environment, to what degree do Americans feel secure about their retirement? This article looks at the results of a new survey on American’s understanding of retirement preparedness and the perceived role of Social Security.
The OECD works on advancing consumer finance protection through informed choice that includes disclosure, transparency and education; protection from fraud, abuse and errors; and, recourse and advocacy.
This paper looks at the application of behavioural economics in the area of financial consumer protection and how numerous governments are testing and implementing its application for policies promoting financial consumer protection. It highlights the opportunity for behavioural economics to help provide cost-efficient ways of making policy more effective at promoting positive outcomes for consumers.
English, PDF, 1,778kb
This paper describes and provides guidance on policy and practice relating to financial education for MSMEs and potential entrepreneurs in Asia, with a particular focus on Indonesia.
Adrian Blundell-Wignall is the Special Advisor to the OECD Secretary-General on Financial and Enterprise Affairs.
The articles in Financial Market Trends focus on trends, structural issues and developments in financial markets and the financial sector.
English, PDF, 714kb
The OECD International Network on Financial Education developed two practical policy tools to support policy makers in identifying financial education needs for retirement and in improving their financial education efforts in this area. The two policy tools include this checklist and a matrix contained in Chapter 5 of the 2016 OECD Pensions Outlook.
Financial education has become an important complement to market conduct and prudential regulation and improving individual financial behaviours a long-term policy priority in many countries. The OECD and its International Network on Financial Education conducts research and develops tools to support policy makers and public authorities to design and implement national strategies for financial education.
Annamaria Lusardi is the Denit Trust Chair of Economics and Accountancy at the George Washington University School of Business. Following the release of new data focused on Americans’ financial capability, she draws attention to some of the findings in the study, focusing on three areas of great importance to the personal finances of Americans: student loans, indebtedness, and financial literacy.
Auckland, New Zealand, 12-13 October 2016. Discussions focused on innovative policies and strategies around financial education and consumer protection.