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ERIC Number: ED476520
Record Type: Non-Journal
Publication Date: 2002-Nov
Pages: 93
Abstractor: N/A
Reference Count: N/A
ISBN: ISBN-1-86201-165-6
Old Money: Financial Understanding for Older Adult Learners.
Carlton, Shiela; Soulsby, Jim; Whitelegg, Di
This document discusses policy and practice addressing the need for financial literacy education for older people in the United Kingdom. The discussion is based largely on the findings of survey and focus groups that were conducted to identify the difficulties older people encounter in dealing with different financial services and managing their own financial resources and to devise ways of developing sustainable structures to support older adults' learning in the area of financial literacy. Chapters 1 through 8 discuss the following topics: (1) the report's context; (2) the extent of the problem (the complexity of financial matters; changes in the labor market and wealth distribution; financial exclusion; financial literacy); (3) older people's special financial literacy needs; (4) ways education can help older people gain financial literacy; (5) the need to ask the right questions; (6) curriculum design; (7) current provision; (8) ways of extending the curriculum. Chapter 9 concludes that, although the United Kingdom' policy of social inclusion and antipoverty strategies provide wide-ranging policy frameworks for improving older people's financial literacy, more coherent presentation and better connections to specific action planning are needed. Specific recommendations aimed at government, education providers, and other agencies are presented. A glossary, the focus group reports, and a bibliography listing 76 references are appended. (MN)
National Institute of Adult Continuing Education, Renaissance House, 20 Princess Road West, Leicester LE1 6TP, United Kingdom. Web site: (8.95 British pounds).
Publication Type: Opinion Papers
Education Level: N/A
Audience: Administrators; Policymakers; Practitioners
Language: English
Sponsor: N/A
Authoring Institution: National Inst. of Adult Continuing Education, Leicester (England).
Identifiers - Location: United Kingdom