Complete Description:This article provides a brief overview of the field of financial education and explores some of the challenges and potential solutions. The author describes developments in the contemporary financial education movement since the 1990s and the background economic changes
that stimulated its growth; reviews currently available financial education initiatives for youth and adults and discusses the evidence about
its effectiveness as well as broader challenges for the field. The article concludes by highlighting both general and specific examples of efforts to move the field forward.
Date Published:Monday, September 1, 2008
Funding Agency: Board of Governors of the Federal Reserve System
Source: Literature review;
Audience: Individual, Researcher, Teacher, Youth