Financial literacy and retirement preparedness among Algerians who have reached the age of retirement

الملخص EN

The objective of this paper is to explore the financial practices of Algerian individuals who have reached the age of retirement.

More precisely, it aims to assess their financial literacy level and their retirement preparedness.

Data consisted of 154 individuals who have reached the age of retirement in the city of Constantine, Algeria.

Results show that: (1) individuals who have reached the age of retirement did not prepare enough for retirement; (2) financial literacy among individuals who have reached the age of retirement is relatively low; and (3) individuals who have reached the age of retirement do not have in general more than one source of income.