More than three-quarters of U.S. households bear consumer debt, yet we have little understanding of the relationship between financial education and the debt behavior of U.S. consumers. In this paper, we study the effects of exposure to financial training on debt outcomes in early adulthood....

We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We find that active learning has a positive...

Developments on informatics and technology have affected every component within scope of the financial system. Along with these developments, the needs for financial knowledge have also increased. The basic responsibility for transfer of financial knowledge is undertaken by universities....

This study estimates the effects of Personal Financial Management Course attendance and enrollment assistance using a natural experiment in the U.S. Army. Course attendance reduces the probability of select credit account balances, average account balances, delinquencies, and adverse legal...

More than three-quarters of U.S. households bear consumer debt, yet we have little understanding of the relationship between financial education and the debt behavior of U.S. consumers. In this paper, we study the effects of exposure to financial training on debt outcomes in early adulthood....

Financial education programs enjoy widespread governmental and financial industry support. They are considered an important tool for improving financial literacy, encouraging financial inclusion, and increasing consumer financial protection. Therefore, assessing their effectiveness is important...

Among the range of policy options available to improve personal financial decision making are personal finance financial education interventions. Notwithstanding calls to expand delivery of such courses at university level, there is relatively limited evidence of their effectiveness. We provide...

This study examines the capabilities of in-service secondary school teachers to provide financial education. Data was gathered from online surveys which were spread among 300 teachers in the Flemish region of Belgium. We distinguish between perceived and actual capabilities. Our results reveal...

Alongside the numerous negative effects of the 2008 economic crisis, we can emphasize perhaps one positive aspect: one consequence of the crisis has been that attention has been paid to the low level of financial literacy among the population and the importance of financial education. Research...

This exploratory study examines the effect of financial literacy (henceforward FL) on savings. A survey was conducted on 200 individuals in Oman for this study. Apart from FL, socio-demographics such as gender, age, and education were also analyzed. Data analysis was done using logistic...