An overview of financial education evaluations

The Personal Finance Research Centre at the University of Bristol has undertaken a review of evaluations of financial capability strategies on behalf of the Financial Services Authority. The review was designed to meet two objectives: 1) To describe the extent to which the empirical literature identifies any incremental impact of financial capability interventions on people’s behaviour and attitudes: • paying particular attention to the evidence about the effectiveness of different delivery methods of financial education and the impact on key target groups; and • highlighting which aspect(s) of financial capability are being delivered by the various schemes wherever possible. 2) To create a set of plausible estimates of the proportion of people likely to respond to types of financial capability initiatives by making changes in their behaviour, and the extent of any changes they make to their personal finances. (FSA, 2008)

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