TY - JOUR
T1 - A review of financial-literacy education programs for children and adolescents
AU - Amagir, A.
AU - Groot, W.
AU - Maassen van den Brink, H.
AU - Wilschut, A.
N1 - Correspondence Address: Amagir, A.; Centre for Applied Research in Education (CARE), Amsterdam University of Applied Sciences, Postbus 1025, Netherlands; email: [email protected]
PY - 2018
Y1 - 2018
N2 - In this systematic literature review, we evaluate the effectiveness of financial-literacy education programs and interventions for children and adolescents. Furthermore, the key characteristics of the design of a successful financial-education curriculum are described. The evidence shows that school-based financial-education programs can improve children’s and adolescents’ financial knowledge and attitudes. Studies that assess the intention to practice good behavior and studies based on self-reported behavior also report positive effects. However, studies that assess the effects of financial education on children’s and adolescent’s actual financial behavior are scarce, and show hardly any effect. A promising method to teach financial literacy to children and adolescents in primary and secondary school is “experiential learning.” In college, the focus should be on specific “life events” of students. The findings may be useful for designing an effective school-based financial education program.
AB - In this systematic literature review, we evaluate the effectiveness of financial-literacy education programs and interventions for children and adolescents. Furthermore, the key characteristics of the design of a successful financial-education curriculum are described. The evidence shows that school-based financial-education programs can improve children’s and adolescents’ financial knowledge and attitudes. Studies that assess the intention to practice good behavior and studies based on self-reported behavior also report positive effects. However, studies that assess the effects of financial education on children’s and adolescent’s actual financial behavior are scarce, and show hardly any effect. A promising method to teach financial literacy to children and adolescents in primary and secondary school is “experiential learning.” In college, the focus should be on specific “life events” of students. The findings may be useful for designing an effective school-based financial education program.
KW - financial literacy
KW - pedagogical characteristics
KW - review
KW - school-based financial education
U2 - 10.1177/2047173417719555
DO - 10.1177/2047173417719555
M3 - Article
SN - 2047-1734
VL - 17
SP - 56
EP - 80
JO - Citizenship, Social and Economics Education
JF - Citizenship, Social and Economics Education
IS - 1
ER -