The English Version of this paper can be found at http://ssrn.com/abstract=1869323.In the wake of the Great Recession, financial education has received renewed political support. Research to date does not demonstrate a causal chain from financial education to higher financial literacy to better...

The English Version of this paper can be found at http://ssrn.com/abstract=1869323.In the wake of the Great Recession, financial education has received renewed political support. Research to date does not demonstrate a causal chain from financial education to higher financial literacy to better...

In the wake of the Great Recession, financial education has received renewed political support. Research to date does not demonstrate a causal chain from financial education to higher financial literacy to better financial behavior to improved financial outcomes, yet the search for effective...

English version available at: http://ssrn.com/abstract=1098270. Financial literacy education has long been promoted as key to consumer financial well-being. Yet the claim has never had more than negligible statistically significant empirical support. This review (1) sets forth the model of...

Throughout the world, the dominant discourse treats “financial literacy” as both necessary and sufficient to improve the well-being of individuals and society. This essay argues that financial literacy is neither, and that promoting financial literacy is a perverse way to address the...

“Financial education” typically is used to refer to what might more accurately be called personal money management education. As conventionally conceived, it includes teaching information and skills directly related to saving, spending, investing, borrowing, insurance, remittances, and...