As a result of the current financial crisis, consumers are more concerned about their personal finances than ever before. Household confidence in job security and future employment prospects, income stability, and the ability to preserve and build assets is plummeting; meanwhile, high fuel and food prices and tightening credit conditions are placing more pressure on households to maximize their financial decisions.
Executive SummaryComprehensive strategies for educating children and youth so
they can become effective managers of money and successful navigators of a
complex financial marketplace have not yet emerged from the dialogue and debate
surrounding financial education. A rich
and growing body of research about adult financial education exists, but youth
financial education research has been slower in developing. While some consensus has emerged regarding
best practices for adult financial education, these strategies and approaches
cannot simply be reengineered down to more age-appropriate versions and imposed
on… more
Baker,
C. and D. Dylla (2007). "Analyzing the
Relationship Between Account Ownership and Financial Education." New America
Foundation.
Abstract: Account ownership and financial knowledge are
understood to be critical components of financial stability and wealth
accumulation. Presumably, combining financial education and accounts reinforces
the positive effects of each on the other and enhances the recipient's
financial well being. To date, however, no testing of this hypothesis has been
undertaken. This report sets out to do that. It presents a review of programs
across the country that… more
