Publication: Building a Financial Education Approach: A Starting Point for Financial Sector Authorities
Date
2021-06-01
ISSN
Published
2021-06-01
Author(s)
World Bank
Abstract
While the importance of financial
capability has been studied empirically, questions remain
about program effectiveness, whether and how effectively
these skills can be taught to consumers, and if financial
education programs lead to sustained behavioral changes that
improve one’s financial wellness and inclusion. When studied
analytically, the results of financial education have been
mixed. The objective of this report is to help guide
financial sector authorities to build a more effective
approach to financial education. The report synthesizes
available resources and complements existing knowledge about
financial education. It also explores the appropriate role
for financial sector authorities within financial education
and outlines a practical approach for financial sector
authorities who choose to develop financial education
agendas or strategies. Lastly, the report provides an
overview of the best tools and practices to improve the
effectiveness of financial education initiatives.
Link to Data Set
Citation
“World Bank. 2021. Building a Financial Education Approach: A Starting Point for Financial Sector Authorities. © World Bank, Washington, DC. http://hdl.handle.net/10986/36212 License: CC BY 3.0 IGO.”