Date: May 10, 2011
Description: Pamela Herd hosted a webinar on the relationship between financial literacy and cognitive functioning. Results revealed that cognitive ability is linked to financial knowledge for those without college degrees but not for those with college degrees, and for those without college degrees, late-life measures of cognitive functioning are correlated with financial knowledge, but these effects weaken substantially after accounting for childhood cognitive functioning.
University of Wisconsin-Madison Center for Financial Security 