In the U.S., a number of states have mandated personal finance classes in public school curricula to address perceived deficiencies in financial decision-making competency. Despite the growth of financial and economic education provided in public schools, little is known about the effect of...

Regulation of investor access to financial products is often based on product familiarity indicated by previous use. The underlying premise that lack of familiarity with a product class causes unwarranted participation is difficult to test. This paper uses household-level data from the...

Part A. Introduction to Young Adults’ Indebtedness -- Chapter 1. Why Study Young Adults’ Indebtedness?; Jeanette Carlsson Hauff, Tommy Gärling, and Ted Lindblom -- Chapter 2. Indebtedness, Over-indebtedness and Wellbeing; Viktor Elliot and Ted Lindblom -- Chapter 3. The Loan Market—the...

Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for...