Table 3.

Correlations Between Retirement Knowledge Scale (RKS) and Financial Literacy Scale (FLS) Items

	RKS_1	RKS_2	RKS_3	RKS_4	RKS_5	RKS_6	RKS_7	RKS_8	RKS_9	RKS_10	FL_1	FL_2	FL_3
Retirement knowledge Scale (RKS)
Self-reflection: Age (RKS_1)	1	0.66	0.41	0.49	0.45	0.38	0.30	0.37	0.37	0.28	0.17	0.22	0.18
Self-reflection: Money (RKS_2)	0.54***	1	0.57	0.65	0.52	0.53	0.40	0.41	0.47	0.32	0.14	0.20	0.21
Engagement: Print source (RKS_3)	0.33***	0.45***	1	0.80	0.54	0.58	0.58	0.51	0.55	0.34	0.19	0.21	0.29
Engagement: Web (RKS_4)	0.35***	0.45***	0.65***	1	0.54	0.55	0.53	0.48	0.53	0.30	0.17	0.22	0.32
Engagement: Family/friend (RKS_5)	0.35***	0.39***	0.44***	0.42***	1	0.53	0.41	0.39	0.42	0.37	0.11	0.20	0.27
Engagement: Finance Professional (RKS_6)	0.26***	0.37***	0.45***	0.42***	0.41***	1	0.63	0.53	0.59	0.50	0.17	0.28	0.38
Engagement: Workshop/class (RKS_7)	0.20***	0.26***	0.43***	0.39***	0.29***	0.46***	1	0.43	0.45	0.35	0.13	0.17	0.26
Self-evaluation: Ret. account work (RKS_8)	0.30***	0.33***	0.43***	0.39***	0.32***	0.43***	0.32***	1	0.85	0.56	0.22	0.24	0.33
Self-evaluation: Diff. ret. Account (RKS_9)	0.31***	0.37***	0.46***	0.42***	0.35***	0.47***	0.33***	0.78***	1	0.57	0.21	0.27	0.37
Self-evaluation: Fin. Preparedness (RKS_10)	0.22***	0.26***	0.27***	0.22***	0.29***	0.38***	0.25***	0.48***	0.49***	1	0.23	0.17	0.33
Financial Literacy Scale (FLS)
Financial literacy: Inflation	0.12***	0.10***	0.14***	0.12***	0.08***	0.10***	0.08***	0.15***	0.15***	0.16***	0.12***	0.09	0.30
Financial literacy: Interest rate	0.14***	0.14***	0.15***	0.14***	0.14***	0.17***	0.09***	0.16***	0.18***	0.11***	0.16***	1	0.17
Financial literacy: Risk	0.13***	0.15***	0.21***	0.22***	0.19***	0.25***	0.16***	0.24***	0.28***	0.24***	0.16***	0.11*	1

Product-moment correlations are below the diagonal; polychoric correlations are above the diagonal. N= 1351.

Significance denoted as *p<0.10 **p<0.05, ***p<0.01