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Beyond financial education: changing financial behavior : a portfolio of applied research projects

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  • Michelle Coussens

Abstract

This article is one in a series of PNV articles regarding a portfolio of applied research projects pertaining to financial training. The ultimate goal of these projects is to develop an approach to financial education that will better inform consumers and lead to measurable changes in personal and household financial management. The research portfolio?s focus is on designing new approaches that move beyond traditional financial literacy training, drawing on the fields of cognitive psychology, anthropology and behavioral economics. This article provides background on the financial literacy field, along with a discussion of the role of expanded knowledge in changing behavior.

Suggested Citation

  • Michelle Coussens, 2004. "Beyond financial education: changing financial behavior : a portfolio of applied research projects," Profitwise, Federal Reserve Bank of Chicago, issue Jan, pages 12-15.
    • Handle: RePEc:fip:fedhpw:y:2004:i:jan:p:12-15
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    File URL: http://www.chicagofed.org/digital_assets/publications/profitwise_news_and_views/2004/pnv_january2004.pdf
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    Keywords

    Finance; Financial literacy;

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