Xu, LisaZia, Bilal2012-06-292012-06-292012-06https://hdl.handle.net/10986/9322Financial literacy programs are fast becoming a key ingredient in financial policy reform worldwide. Yet, what is financial literacy exactly and what do we know of its effectiveness? This paper collects insights from the literature thus far and summarizes global evidence on financial literacy, its correlates, and existing and upcoming causal investigations. The authors conclude with a synthesis of policy advice and practical suggestions for the way forward in this fast growing area of research.en-USCC BY 3.0 IGOACCESS TO FINANCIAL INFORMATIONACCOUNTINGAGE OF RETIREMENTANNUAL PERCENTAGE RATEASSET ACCUMULATIONATMSBANK ACCOUNTBANK ACCOUNTSBANK LOANBANKING SERVICESBASIC FINANCIAL TOPICSBORROWERBORROWINGBUDGETINGBUSINESS PLANBUSINESS PLANSBUSINESS TRAININGCALCULATIONSCASH FLOWCHECKING ACCOUNTSCLASSROOM TRAININGCOLLEGE STUDENTSCOMMERCIAL BANKCOMPOUND INTERESTCONSUMERCONSUMER CREDITCONSUMER EDUCATIONCONSUMER PROTECTIONCONSUMER PROTECTION MEASURESCONTRIBUTIONCREDIT CARDCREDIT CARD USECREDIT PRODUCTCREDIT RATINGSCURRICULUMDEBIT CARDSDEBTDEBTORSDEBTSDECISION-MAKING SKILLSDEFERRED ACCOUNTDELINQUENCYDELINQUENCY RATESDISADVANTAGED HOUSEHOLDSDIVERSIFICATIONFAMILY MEMBERSFINANCIAL ADVICEFINANCIAL BEHAVIORFINANCIAL BEHAVIORSFINANCIAL CONCEPTSFINANCIAL CONSTRAINTSFINANCIAL COUNSELORSFINANCIAL CRISISFINANCIAL DECISIONFINANCIAL EDUCATIONFINANCIAL EDUCATION COURSEFINANCIAL EDUCATION COURSESFINANCIAL EDUCATION CURRICULUMFINANCIAL EDUCATION FOR CONSUMERSFINANCIAL EDUCATION INFORMATIONFINANCIAL EDUCATION MANDATESFINANCIAL EDUCATION PROGRAMFINANCIAL EDUCATION PROGRAMSFINANCIAL EDUCATION SEMINARFINANCIAL EDUCATION SEMINARSFINANCIAL EXCLUSIONFINANCIAL GOALSFINANCIAL KNOWLEDGEFINANCIAL LITERACYFINANCIAL LITERACY EDUCATIONFINANCIAL LITERACY PROGRAMFINANCIAL LITERACY PROGRAMSFINANCIAL LITERACY SURVEYFINANCIAL LITERACY SURVEYSFINANCIAL LITERACY TESTFINANCIAL LITERACY TRAININGFINANCIAL MATTERSFINANCIAL OUTCOMESFINANCIAL POLICYFINANCIAL PRODUCTFINANCIAL PRODUCTSFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL SKILLSFINANCIAL SOPHISTICATIONFINANCIAL TRAININGFINANCIAL TRANSACTIONSFORMAL EDUCATIONGENERAL POPULATIONHEALTH INSURANCEHEALTH INSURANCE PLANHIGH SCHOOL FINANCIAL EDUCATIONHIGH SCHOOL STUDENTSHOME EQUITYHOMEOWNERSHOMEOWNERSHIPHOUSEHOLD FINANCESINCOMEINCOME LEVELINCOME LEVELSINCOMESINFLATIONINFORMED DECISIONSINSURANCEINSURANCE COMPANIESINSURANCE POLICIESINTEREST PAYMENTSINTEREST RATEINTEREST RATESINVESTINGINVESTMENT PERFORMANCEINVESTMENT STRATEGIESKNOWLEDGE OF MONEYLACK OF INFORMATIONLACK OF KNOWLEDGELENDERSLESS FINANCIALLY LITERATELIFE INSURANCELIFE SPANSLOANLOAN TERMSLONG-TERM SAVINGSLOW FINANCIAL LITERACYLOW INCOMELOW-INCOMELOW-INCOME INDIVIDUALSMARKETINGMASS MEDIAMATHMEDICAL INSURANCEMINIMUM BALANCEMODERATE-INCOMEMODERATE-INCOME INDIVIDUALSMONETARY POLICYMONEY MANAGEMENTMORTGAGEMORTGAGE OUTCOMESMORTGAGESMUTUAL FUNDSNONPROFIT ORGANIZATIONSOLDER PEOPLEOLDER WOMENPENSION FUNDPENSION PLANPENSION PLANNINGPENSION SYSTEMPENSIONSPERSONAL FINANCEPERSONAL FINANCE TOPICSPERSONAL FINANCIAL MANAGEMENTPERSONAL INVESTMENTPOSITIVE FINANCIAL BEHAVIORSPRIVATE PENSIONPROBABILITYPRODUCTIVITYPROSPECTIVE HOMEOWNERSPUBLIC PENSIONQUESTIONNAIRESRECORD KEEPINGREGRESSION ANALYSISREPAYMENTRESPONSIBILITIESRETIREMENTRETIREMENT AGERETIREMENT BENEFITSRETIREMENT GOALSRETIREMENT INCOMERETIREMENT PLANRETIREMENT PLANNINGRETIREMENT PREPARATIONRETIREMENT SAVINGSRETIREMENT SEMINARSREVERSE MORTGAGESRISK MANAGEMENTRISKY ASSETSSALARYSALESSAVING BEHAVIORSAVINGSSAVINGS ACCOUNTSAVINGS ACCOUNTSSAVINGS BEHAVIORSAVINGS BEHAVIORSSECONDARY EDUCATIONSENIORSSKILL DEVELOPMENTSMALL BUSINESSSMALL BUSINESS OWNERSSMALL BUSINESSESSOCIAL SECURITYSOPHISTICATED CONSUMERSOPHISTICATED INVESTMENTSOUND FINANCIAL DECISIONSSTOCK MARKETSTOCK MUTUAL FUNDSTOCKSTAKE-UP RATESTRAINING COURSETRAINING PROGRAMTRAINING PROGRAMSTRAINING WORKSHOPSUNEMPLOYEDWAGEWORK EXPERIENCESYOUNG ADULTSYOUNG PEOPLEYOUTH FINANCIAL LITERACYWorld Bank10.1596/1813-9450-6107