Sandra F. Braunstein|Carolyn Welch
Financial Literacy: An Overview of Practice, Research, and Policy
Federal Reserve Board of Governors|Federal Reserve|Federal Reserve|Federal Reserve Board of Governors
attention financial literacy grown recent years large part technological market legislative changes resulted complex financial services industry requires consumers actively involved managing finances consumer community interest groups banking companies government agencies policymakers among others become concerned many consumers lack working knowledge financial concepts tools need make decisions advantageous economic wellbeing result considerable resources devoted financial literacy wide range organizations providing training including banks consumer community groups employers government agencies overall studies suggest financial literacy training lead better decisionmaking however findings raise numerous questions best means providing training appropriate setting opportune timing findings recent research personal money management styles combined awareness human behavioral traits offer insights may useful developing successful training programs strategies