Document Type
Article
Publication Date
4-1-2008
Abstract
Financial literacy education has long been promoted as key to consumer financial well-being. Yet the claim has never had more than negligible statistically significant empirical support. This review (1) sets forth the model of financial literacy education underlying public support for these programs today, (2) identifies pervasive and serious limitations in existing empirical research used by policymakers as evidence of the effectiveness of this education, and (3) recommends a number of alternative public policies suggested by the existing research.
Keywords
financial literacy, consumer education, consumer finance, research methods, consumer policy
Publication Title
San Diego Law Review
Repository Citation
Willis, Lauren E., "Evidence and Ideology in Assessing the Effectiveness of Financial Literacy Education" (2008). All Faculty Scholarship. 197.
https://scholarship.law.upenn.edu/faculty_scholarship/197
Included in
Banking and Finance Law Commons, Consumer Protection Law Commons, Retirement Security Law Commons, Social Welfare Law Commons
Publication Citation
46 San Diego L. Rev. 415 (2009)