Financial Education: What Works and What Doesn’t?
November 27, 2013 Editor 0
How can we successfully design programs to promote financial literacy and financial capability – that is, not just financial knowledge in the abstract, but also the practical skills, attitudes and behaviors needed to take care of one’s everyday finances? Amid the wide-ranging scholarship on financial education, researchers have documented that there is often a strong relationship between exhibiting financial knowledge and achieving good financial outcomes (such as saving for retirement, paying bills on time or avoiding mortgage default).
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Categories: World Bank PSD
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