Microsoft Word Ed Horwitz Post Dissertation Fina docx

 
 Analysis 
 
The three retirement preparedness best practice behaviors were investigated using a series 
of binary logistic regression analyses. These analyses predicted the best practice behaviors based 
upon an individual’s financial knowledge and skills while controlling for relevant socio-
economic characteristics. The investigation of the relationship between financial literacy and 
each best practice behavior separately provides a more in-depth understanding of how financial 
literacy affects retirement preparedness behavior. The analytical sample for the analyses was 
6,280 observations. The question for stock or securities ownership was only asked to those who 
indicated having a checking account, savings account, or money market savings. As a result of 
the high correlation between these variables, the checking account ownership variable was 
removed from the regression analysis for the stock and securities ownership best practice.      

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