Margaret Miller|Julia Reichelstein|Christian Salas|Bilal Zia
Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature
paper presents systematic comprehensive metaanalysis literature financial education interventions focuses financial education studies designed strengthen financial knowledge behaviors consumers analysis identifies 188 papers articles present impact results interventions designed increase consumers financial knowledge financial literacy skills attitudes behaviors financial capability papers diverse across number dimensions including objectives program intervention expected outcomes intensity duration intervention delivery channel used type population targeted however key outcome indicators subset papers comparable including address savings behavior defaults loans financial skills record keeping results metaanalysis indicate financial literacy capability interventions positive impact areas eg increasing savings others eg reducing loan defaults