Evidence and Ideology in Assessing the Effectiveness of Financial Literacy Education
Author: Lauren E. Willis
Topic: Financial literacy
Publisher: Faculty Scholarship.
Location: United States
Format: Academic paper
Content Type: Research
Publication Date: December 31, 2008
Financial literacy education has long been promoted as key to consumer financial well-being. It is widely embraced as an effective alternative to substantive legal regulation. Yet its effectiveness has never had more than negligible empirical support. This review (1) sets forth the model of financial literacy education underlying public support for these programs today, (2) identifies pervasive and serious limitations in existing empirical research used by policymakers as evidence of the effectiveness of this education, and (3) recommends a number of alternative public policies suggested by the existing research.
Get It

You need to login or register to bookmark/favorite this content.

Related Tags