Silvia Helena Barcellos|Leandro Carvalho|James P. Smith|Joanne Yoong
Financial Education Interventions Targeting Immigrants and Children of Immigrants: Results from a Randomized Control Trial
document immigrants united states differ natives several aspects relevant financial decision making based differences designed novel financial education materials targeted us immigrants children evaluated effectiveness using randomized control trial best knowledge first rigorous evaluation financial education programs targeted population compared control group groups received onetime educational intervention likely correctly answer financial knowledge questions immediately intervention estimated effects onetime intervention knowledge large faded away six months moreover find little effect treatments intended financial behavior measures immediately six months later results point efficacy type educational material informing immigrants children important financial information unfamiliar including information related immigrant status however also suggest priority future research test whether repeated opportunities learning increase financial knowledge retention lead behavior change