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How Trust in Financial Institutions Bolsters Retirement Security
October 22, 2026 at 01:57 PM
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What You Need To Know
- A one-unit increase in people’s trust in financial institutions is associated with a 6% increase in the probability of having a retirement account, Wharton research finds.
- Conversely, higher trust in government programs is linked to lower levels of savings and investment.
- Trust and financial literacy independently shape retirement outcomes.
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