Table 8.

Multiple Regression Analyses of Retirement Knowledge Scale (RKS) Total Scale and Subscales, and Financial Literacy Scale (FLS) as Dependent Variables

	RKS	Reflection Scale	Engagement Scale	Evaluation Scale	FLS
Retired Status (Survey)	10.52	10.69	9.41	11.29	0.97
	(6.29)**	(3.57)**	(5.02)**	(5.85)**	(0.42)
Spanish survey	−3.62	−1.52	−3.78	−4.88	−3.07
	(1.29)	(0.30)	(1.19)	(1.60)	(0.75)
Age	−0.29	−0.58	−0.36	0.03	−0.16
	(3.85)**	(4.29)**	(4.23)**	−0.36	−1.56
Female	−2.13	−0.90	0.23	−6.31	−6.75
	(1.76)	(0.44)	(0.16)	(4.57)**	(4.14)**
Couple Household	4.61	2.17	4.48	6.13	1.46
	(3.10)**	(0.88)	(2.55)*	(3.61)**	(0.74)
Black, non-Hispanic	−4.71	−8.57	−1.01	−8.41	−14.57
	(3.34)**	(3.49)**	(0.63)	(5.11)**	(7.04)**
Hispanic	−7.59	−15.32	−2.82	−10.65	−13.55
	(3.47)**	(4.11)**	(1.10)	(4.42)**	(4.10)**
Other, non-Hispanic	−7.47	−12.60	−5.77	−7.65	−8.96
	(2.50)*	(2.50)*	(1.56)	(2.34)*	(2.38)*
Less than high school	−20.95	−17.25	−22.02	−21.72	−20.19
	(11.90)**	(5.68)**	(10.90)**	(10.83)**	(8.32)**
High school graduate	−13.29	−11.39	−14.41	−12.59	−15.82
	(7.67)**	(4.15)**	(7.13)**	(6.47)**	(7.30)**
Some college	−7.99	−3.55	−9.93	−7.66	−8.52
	(4.79)**	(1.37)	(4.89)**	(4.14)**	(4.10)**
Working status	5.51	9.19	4.72	4.16	1.17
	(3.42)**	(3.17)**	(2.55)*	(2.32)*	(0.54)
Household income	0.03	0.02	0.03	0.04	0.03
	(4.35)**	(1.99)*	(3.67)**	(4.64)**	(3.05)**
Receives social security	−3.24	−5.87	−2.68	−2.17	−3.76
	(1.94)	(2.14)*	(1.35)	(1.19)	(1.75)
Financial respondent	1.45	0.41	0.74	3.20	0.83
	(0.95)	(0.17)	(0.41)	(1.89)	(0.42)
Nursing Home	−5.14	9.49	−5.90	−10.52	−13.73
	(1.35)	(0.98)	(1.25)	(1.57)	(1.65)
Constant	60.66	104.09	54.11	42.52	96.33
	(11.20)**	(10.70)**	(8.74)**	(6.56)**	(13.05)**
R 2	0.29	0.14	0.21	0.30	0.19
N	1347	1340	1345	1345	1328

Robust standard errors in parenthesis. Significance denoted as *p<0.10 **p<0.05, ***p<0.01 Reference group for categorical variables: Whites (race/ethnicity) and college graduate and above (education).