Are Financial Education Programs Meeting the Needs of Financially Disadvantaged Consumers?
AbstractThis paper uses data collected from a retrospective pre-test to investigate he impact that a financial education program has on participants’ financial behaviors. Specifically, we compare program impact across participants with varying levels of financial competency prior to the program and examine whether the program is meeting the educational needs of those it was designed to target – namely, financially disadvantaged consumers. The findings show that the program benefited all of the participants and the greatest improvement in financial behavior was observed for those who reported lower levels of financial ability prior to the program. The findings offer important practical information to consumer educators, program developers, and financial counselors.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Indiana State University, Scott College of Business, Networks Financial Institute in its series NFI Working Papers with number 2007-WP-02.
Length: 28 pages
Date of creation: Jan 2007
Date of revision:
Contact details of provider:
Postal: Postal: Federal Hall, 30 N. 7th St., Room 318, Terre Haute IN 47809
Web page: http://indstate.edu/business/nfi/
More information through EDIRC
financial education; behavior change; disadvantaged consumers;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Edward J. Bird & Paul A. Hagstrom & Robert Wild & Janet A. Weiss, 1999. "Credit card debts of the poor: High and rising," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 18(1), pages 125-133.
- Martin P. Shanahan & Jan H. F. Meyer, 2003. "Measuring and Responding to Variation in Aspects of Students' Economic Conceptions and Learning Engagement in Economics," International Review of Economic Education, Economics Network, University of Bristol, Economics Network, University of Bristol, vol. 1(1), pages 9-35.
- Zietz, Joachim & Joshi, Prathibha, 2005. "Academic choice behavior of high school students: economic rationale and empirical evidence," Economics of Education Review, Elsevier, Elsevier, vol. 24(3), pages 297-308, June.
- Miller, Margaret & Reichelstein, Julia & Salas, Christian & Zia, Bilal, 2014. "Can you help someone become financially capable ? a meta-analysis of the literature," Policy Research Working Paper Series 6745, The World Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ray Thomas).
If references are entirely missing, you can add them using this form.