Perspectives on Evaluation in Financial Education: Landscape, Issues, and Studies

Financial education plays an important role in guiding individuals to achieve their financial goals and contribute to the economic well-being of society as a whole. While the examination on the effectiveness of financial education has many factors to consider, the National Endowment for Financial Education (NEFE) has taken measures to improve evaluation studies—both for the practitioner and the researcher. These actions include the conception of two documents what will assist in guiding practitioners and researchers in planning high-quality evaluations. The first is the Financial Education Evaluation Manual that is designed to support the evaluation of financial education programs by helping educators to understand the purpose and goals of evaluation, and to provide a basic understanding of the evaluation process. This information is designed for program managers, educators, and decision-makers, in traditional school settings or community-based programs/non-profit organizations, who are implementing financial education programs

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