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Financial education: what is it and what makes it so important?

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  • Virginia Hopley

Abstract

Financial literacy is essential. By enabling people to make sound, knowledgeable decisions, it increases their prosperity and that of their communities. The Community Affairs Department at the Federal Reserve Bank of Cleveland surveyed financial institutions and community economic development organizations in the Fourth Federal Reserve District to find out how they design, deliver, and evaluate their financial education programs-and which methods have been most successful. This report shares the results of that survey.

Suggested Citation

  • Virginia Hopley, 2003. "Financial education: what is it and what makes it so important?," Community Reinvestment Report, Federal Reserve Bank of Cleveland, issue Spr.
    • Handle: RePEc:fip:fedccr:y:2003:i:spr
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    File URL: https://fraser.stlouisfed.org/scribd/?item_id=500309&filepath=/docs/historical/frbclev/crreport/frbclv_crreport_20030430.pdf
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    Cited by:

    1. Judy Postmus & Sara-Beth Plummer & Sarah McMahon & Karen Zurlo, 2013. "Financial Literacy: Building Economic Empowerment with Survivors of Violence," Journal of Family and Economic Issues, Springer, vol. 34(3), pages 275-284, September.

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    Keywords

    Financial literacy;

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