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RPRL

Scale name: Perceived Financial Knowledge 

Description: This 3-item scale is designed to assess individuals’ perceptions of the extent of their financial knowledge as it relates to retirement planning.

Source: Hershey, D. A., Henkens, K., & Van Dalen, H. P. (2010). Aging and financial planning for retirement: Interdisciplinary influences viewed through a cross-cultural lens. International Journal of Aging and Human Development, 70, 1-38. doi: 10.2190/AG.70.1.a

Cronbach's alpha: 0.83

Response format: Likert-type response format (1 = strongly disagree; 5 = strongly agree)

Instructions: Choose one number for each item that indicates how well the statement represents you or describes your opinion.

Items:

            1. I know a great deal about financial planning for retirement. 

            2. I know more than most people about retirement planning. 

            3. When I need financial services, I know exactly where to obtain information on what to                     do.