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Author: Jing Jian Xiao
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
The purpose of this study was to explore potential effects of financial education on the financial capability of American consumers. Data from the 2012 National Financial Capability Study were used to test the hypothesis that financial education is positively associated with financial capability. Four financial literacy and behavior variables were used to form a financial capability index. Multivariate linear regression results showed that, after controlling for demographic and financial variables, respondents who ever received financial education had higher scores in all financial capability indicators (objective financial literacy, subjective financial literacy, desirable financial behavior, perceived financial capability, and the financial capability index). In addition, high school, college, and workplace financial education variables showed positive associations with these financial capability indicators. Additional state comparison analyses provided evidence suggesting high school financial education may have direct impacts and spillover effects on consumer financial capability.
Author: Jing Jian Xiao
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
The purpose of this study was to explore potential effects of financial education on the financial capability of American consumers. Data from the 2012 National Financial Capability Study were used to test the hypothesis that financial education is positively associated with financial capability. Four financial literacy and behavior variables were used to form a financial capability index. Multivariate linear regression results showed that, after controlling for demographic and financial variables, respondents who ever received financial education had higher scores in all financial capability indicators (objective financial literacy, subjective financial literacy, desirable financial behavior, perceived financial capability, and the financial capability index). In addition, high school, college, and workplace financial education variables showed positive associations with these financial capability indicators. Additional state comparison analyses provided evidence suggesting high school financial education may have direct impacts and spillover effects on consumer financial capability.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
ISBN:
Category : Consumer education
Languages : en
Pages : 110
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Book Description
Author: Julie Birkenmaier
Publisher: Oxford University Press
ISBN: 0199755957
Category : Business & Economics
Languages : en
Pages : 380
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Book Description
This book introduces the concept of financial capability and assembles the latest evidence from ground-breaking innovations with financially vulnerable families, and links it to education, policy, and practice. It is a key resource for those interested in improving financial education and financial products and services for low-income families.
Author: Asta Zokaityte
Publisher: Springer
ISBN: 3319550179
Category : Business & Economics
Languages : en
Pages : 309
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Book Description
This book explores the issue of consumer financial education, responding to increased interest in, and calls to improve peoples’ financial literacy skills and abilities to understand and manage their money. New conceptual frameworks introduced in the book offer academic audiences an innovative way of thinking about the project on financial literacy education. Using the concepts of ‘edu-regulation’ and ‘financial knowledge democratisation’ to analyse the financial education project in the UK, the book exposes serious, and often ignored, limitations to using information and education as tools for consumer protection. It challenges the mainstream representation of financial literacy education as a viable solution to consumer financial exclusion and poverty. Instead, it argues that the project on financial literacy education fails to acknowledge important dependences between consumer financial behaviour and the socio-economic, political, and cultural context within which consumers live. Finally, it reveals how these international and national calls for ever greater financial education oversimplify and underestimate the complexity of consumer financial decision-making in our modern times.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
ISBN:
Category : Financial literacy
Languages : en
Pages : 192
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Book Description
Author: Jing Jian Xiao
Publisher: Springer
ISBN: 3319288873
Category : Psychology
Languages : en
Pages : 379
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Book Description
This second edition of the authoritative resource summarizes the state of consumer finance research across disciplines for expert findings on—and strategies for enhancing—consumers’ economic health. New and revised chapters offer current research insights into familiar concepts (retirement saving, bankruptcy, marriage and finance) as well as the latest findings in emerging areas, including healthcare costs, online shopping, financial therapy, and the neuroscience behind buyer behavior. The expanded coverage also reviews economic challenges of diverse populations such as ethnic groups, youth, older adults, and entrepreneurs, reflecting the ubiquity of monetary issues and concerns. Underlying all chapters is the increasing importance of financial literacy training and other large-scale interventions in an era of economic transition. Among the topics covered: Consumer financial capability and well-being. Advancing financial literacy education using a framework for evaluation. Financial coaching: defining an emerging field. Consumer finance of low-income families. Financial parenting: promoting financial self-reliance of young consumers. Financial sustainability and personal finance education. Accessibly written for researchers and practitioners, this Second Edition of the Handbook of Consumer Finance Research will interest professionals involved in improving consumers’ fiscal competence. It also makes a worthwhile text for graduate and advanced undergraduate courses in economics, family and consumer studies, and related fields.
Author: Gianni Nicolini
Publisher: Taylor & Francis
ISBN: 1000487830
Category : Education
Languages : en
Pages : 561
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Book Description
Financial literacy and financial education are not new topics, even though interest in these topics among policymakers, financial authorities, and academics continues to grow. The Routledge Handbook of Financial Literacy provides a comprehensive reference work that addresses both research perspectives and practical applications to financial education. This is the first volume to summarize the milestones of research in financial literacy from multiple perspectives to offer an overview. The book is organized into six parts. The first three parts provide a conceptual framework, which discusses what financial literacy is, how it should be measured, and explains why it represents a relevant topic and effective tool in enhancing decision-making among consumers as well as consumer protection strategies. Part IV addresses the connection between financial education and financial literacy, with chapters about financial education in school settings as well as for adults. This part includes an analysis of the role of Fintech and the use of gamification in financial education. Part V is a collection of contributions that analyze financial literacy and financial education around the world, with a focus on geographical areas including the U.S., South America, Western Europe, Eastern Europe, Asia, and Africa. This part also considers how financial literacy should be addressed in the case of Islamic finance. The concluding part of the book examines how financial literacy is related to other possible approaches to consumer finance and consumer protection, addressing the relationships between financial literacy and behavioral economics, financial well-being, and financial inclusion. This volume is an indispensable reference for scholars who are new to the topic, including undergraduate and graduate students, and for experienced researchers who wish to enrich their knowledge, policymakers seeking a broader understanding and an international perspective, and practitioners who seek knowledge of best practices as well as innovative approaches.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264012575
Category :
Languages : en
Pages : 181
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Book Description
This book describes the different types of financial education programmes currently available in OECD countries, evaluates their effectiveness, and makes suggestions to improve them.
Author:
Publisher: PediaPress
ISBN:
Category :
Languages : en
Pages : 81
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Book Description
Author: Consumer Financial Consumer Financial Protection Bureau
Publisher: Createspace Independent Publishing Platform
ISBN: 9781522867784
Category :
Languages : en
Pages : 80
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Book Description
The Consumer Financial Protection Bureau (CFPB) believes integrating financial education throughout the K-12 experience represents a promising opportunity to reach consumers at pivotal points in their development and financial lives. When we start early with age-appropriate and relevant financial education and consistently reinforce those lessons throughout the K-12 years, we can give young people more chances to develop positive habits and behaviors. Helping consumers acquire financial capability is an integral part of the CFPB's consumer financial protection mission, as reflected in numerous provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.1 The Act charges the Bureau with researching, developing, promoting, and implementing financial literacy programs and activities. The CFPB developed this resource guide to help connect policymakers with tools, information, and insights to enhance K-12 financial education efforts. The guide will likely be most relevant to state policymakers-notably state treasurers, state superintendents, governors, state legislators, state government associations, and their respective staff-who seek to advance the development and implementation of K-12 financial education. However, the CFPB designed this resource guide so all members of the financial education community could benefit from the framework, case studies, and resources we have provided. Achieving meaningful and lasting change requires bold and innovative approaches, and involvement of the broad range of stakeholders with a role in implementing financial education. Embedding financial education within K-12 education can better prepare students for the financial challenges they are likely to encounter in higher education and the workplace. Recent research suggests that, students who receive K-12 financial education achieve significantly higher savings and net worth later in life.2 Furthermore, carefully implemented high school financial education requirements are linked to improved credit scores and lowered probability of delinquency in young adulthood for students in select states with financial education requirements. The CFPB aims to support leaders interested in encouraging K-12 financial education by fostering connections among the financial education community and growing the conversation around K-12 financial education initiatives. In 2013, the CFPB furthered these efforts by hosting a national conference on youth financial education and capability and releasing a whitepaper with recommendations for advancing K-12 financial education.
