publication . Preprint . Article . 2007

Are Financial Education Programs Meeting the Needs of Financially Disadvantaged Consumers?

Angela C. Lyons; Yunhee Chang;
Open Access
  • Published: 01 Jan 2007
Abstract
This paper uses data collected from a retrospective pre-test to investigate the impact that a financial education program has on participants' financial behaviors. Specifically, we compare program impact across participants with varying levels of financial competency prior to the program and examine whether the program is meeting the educational needs of those it was designed to target - namely, financially disadvantaged consumers. The findings show that the program benefited all of the participants and the greatest improvement in financial behavior was observed for those who reported lower levels of financial ability prior to the program. The findings offer imp...
Subjects
free text keywords: financial education, behavior change, disadvantaged consumers, Disadvantaged, Finance, business.industry, business, Marketing, Competence (human resources), Political science, Behavior change, Public relations
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publication . Preprint . Article . 2007

Are Financial Education Programs Meeting the Needs of Financially Disadvantaged Consumers?

Angela C. Lyons; Yunhee Chang;