The Adequacy And Impact Of Financial Literacy Education In The United States

This study examines the current landscape of financial literacy with a focus on the adequacy, unintended consequences, and areas for development of current programming. The main goal is to determine if financial literacy is effective in accomplishing the goals of the program and how it can be improved. The impact of different types of financial literacy such as coaching and small, targeted classes are also examined. The following research questions are incorporated: 1. What is the current environment of financial literacy education in the United States, and what are its shortcomings? 2. What is the impact of current financial literacy education practices and how is this measured? 3. How do existing programs of financial education address at-risk populations? 4. How can change in financial behavior be achieved with programs combining financial education and counseling?