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ERIC Number: ED540835
Record Type: Non-Journal
Publication Date: 2008-Jul-8
Pages: 23
Abstractor: ERIC
Reference Count: 45
The Effectiveness of Youth Financial Education: A Review of the Literature
McCormick, Martha Henn
New America Foundation
Comprehensive strategies for educating children and youth so they can become effective managers of money and successful navigators of a complex financial marketplace have not yet emerged from the dialogue and debate surrounding financial education. A rich and growing body of research about adult financial education exists, but youth financial education research has been slower in developing. While some consensus has emerged regarding best practices for adult financial education, these strategies and approaches cannot simply be reengineered down to more age-appropriate versions and imposed on a K-12 educational system. This paper, through a review of the literature, explores the current state of youth financial education and policy, including definitions and measures of effectiveness, insofar as they exist, for youth financial education. This paper delineates a range of approaches to the delivery and assessment of youth financial education, reports on impact data and best practices, and highlights some controversies. The paper concludes with a discussion of the gaps in knowledge and suggestions for further research in the field of youth financial education. (Contains 48 endnotes.)
New America Foundation. 1899 L Street NW Suite 400, Washington, DC 20036. Tel: 202-986-2700; Fax: 202-986-3696; Web site:
Publication Type: Information Analyses
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: New America Foundation