Review of Youth Financial Education: Effects and evidence
Building personal financial capability early in life can give people a foundation for later-life financial well-being. Schools are an important channel to provide the education that can improve financial capability. Financial educators and policymakers face many decisions about whether and how to implement financial education. Strong research can provide some grounding for these decisions. However, there is not yet widespread understanding about what financial education approaches are effective at creating and supporting youth financial capability. This report is designed to help education policymakers, program leaders, financial educators, and academic researchers make evidence-informed policy, programming and resourcing decisions in school-based financial education. Taken together, the Bureau’s “Youth Financial Education Research Priorities” and this report offer background as to what rigorous evidence has been established regarding youth financial education and a roadmap for exploring what types of financial education hold the most promise.