Financial Literacy, Financial Education and Downstream Financial Behaviors

The Social Science Research Network released a paper discussing financial literacy, education, and downstream financial behaviors. A meta-analysis of the relationship of financial literacy and of financial education to financial behaviors was conducted in order to understand the increasing complexity of the financial decisions of individuals over the last generation. The paper discusses the importance of financial education and literacy, as well as suggestions to implement financial education programs. Financial literacy and education are extremely critical to improving the economic self-sufficiency of workers, and therefore, should be reinforced throughout an individual's life.