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- Financial literacy of older people in Scotland is quite low in an international context
- Financial literacy is higher for men than for women, with evidence of decreasing financial literacy with age for both genders
- There is no difference in financial literacy among older people in retirement and those who are working. For individuals with another employment status, financial literacy levels are lower
- Individuals with higher educational attainment have a higher degree of financial literacy
- Older people who live alone tend to have lower levels of financial literacy than cohabitating individuals.
- Confidence in financial literacy is higher for men than women, and in those with higher levels of education and living in areas with lower deprivation
- Financial literacy and confidence was associated with poorer subjective mental health