The path towards smarter, more targeted and more effective financial literacy
This report summarises evidence presented at a financial literacy symposium
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Saving, Budgeting and Keeping Track, Financial Capability
Country/Countries: Canada
Year of publication: 2017
The report describes financial education best practice across the EU and in particular 11 member states, with the goal of promoting awareness and good quality programmes across the EU.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Financial Education, Financial Capability
Country/Countries: Various European Union member states
Year of publication: 2011
The impact of financial education for youth in Ghana
The study is an evaluation of two school-based financial literacy education programs in government-run primary and junior high schools in Ghana.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Saving, Financial Education
Country/Countries: Ghana
Year of publication: 2015
An evaluation of High School Financial Education
Researchers conducted a randomised control trial where 9th grade students in Spain received a financial education course, resulting in increased involvement in financial matters at home and more patience in hypothetical saving choices.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Saving, Financial Education
Country/Countries: Spain
Year of publication: 2018
An evaluation of Move On financial capability workshops
Researchers evaluated two types of personal Financial Capabilities Workshops delivered by Move On in Scotland aimed at empowering 12-29 year olds in their early-adult financial decision-making.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Financial Education, Financial Capability
Country/Countries: Scotland
Year of publication: 2018
An Evaluation of The Mix Money Helpline
A money advice helpline for 16-25 year olds, run by peer volunteers, and supported by website information.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Credit Use and Debt, Budgeting and Keeping Track, Financial Capability
Country/Countries: England
Year of publication: 2018
A financial education programme for young people aged 11-16, delivered in secondary schools in England.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Financial Education
Country/Countries: England
Year of publication: 2018
Birmingham Settlement What Works project
Money workshops delivered by Birmingham Settlement with marginalised young people aged 11-25 in structured and community settings.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Saving, Credit Use and Debt, Financial Education
Country/Countries: England
Year of publication: 2018
Evaluation of Life, Money, Action!
Life, Money, Action! (LMA) is a financial capability education programme which supports youth practitioners to develop the financial capability of young people they work with.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Financial Capability
Country/Countries: England, Scotland and Wales
Year of publication: 2018
Evaluation of a project delivered by the National Youth Agency to 500 16-21 year olds, to improve their financial knowledge and to help them make good decisions about finances in the future.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Saving, Pensions and Retirement Planning, Credit Use and Debt, Financial Education, Budgeting and Keeping Track
Country/Countries: England
Year of publication: 2018
Money Matters: Financial capability, well-being and young people
Evaluation of YIACS in improving 16-24 year old’s financial capability, through 451 paired pre-and post-intervention surveys of young people with money issues across nine organisations.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Saving, Credit Use and Debt, Financial Education
Country/Countries: England
Year of publication: 2018
Independent evaluation of the Community Links’ What Works project
Embedding FinCap training into employment programmes for young people and working-age adults.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Saving, Credit Use and Debt, Financial Education, Financial Capability
Country/Countries: England
Year of publication: 2018
A randomised control trial evaluating the impact of training teachers in financial education on the financial capability outcomes of the post-16 students they teach.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Financial Education, Financial Capability
Country/Countries: England
Year of publication: 2018
Randomised controlled trial evaluation of The Money Charity's workshops in Schools
A cluster-RCT and process evaluation of Money Workshops delivered by The Money Charity in schools and colleges with pupils aged 14-19.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Financial Education
Country/Countries: England, Northern Ireland & Wales
Year of publication: 2018
Evaluation of the School of Hard Knocks (SOHK) financial capability project
FinCap workshops delivered by a Building Society in schools with pupils aged 11-14 as part of wider sports project.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Saving, Financial Capability, Budgeting and Keeping Track
Country/Countries: Wales
Year of publication: 2018
PISA 2015: students' financial literacy
Report of a large-scale assessment of the financial literacy skills of 15-year-olds across 15 countries
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Financial Education
Country/Countries: USA, Canada, Australia, China, Chile, Peru, Brazil and various Europe.
Year of publication: 2017
Teaching everyday money skills to young people with disabilities
Work Pay$ is a workplace/classroom based financial literacy pilot programme delivered to young people with disabilities in Adelaide, Australia.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Financial Education, Financial Capability
Country/Countries: Australia
Year of publication: 2017
Evaluating experiential financial capability education: a field study of My Classroom Economy
This study looks at financial education of upper elementary age children. It assesses the impact of participation in a simulated classroom economy on several hypothesized antecedents of financial wellbeing.
Information about the programme design and rationale
Evidence about Financial Capability outcomes for programme participants
Evidence that the Financial Capability outcomes were caused by the programme
Evidence about programme implementation, feasibility, and piloting
Evidence about relative costs and benefits of the programme
Topics: Financial Education
Country/Countries:
Year of publication: 2017
Financial capability of children, young people and parents in the UK 2016
Report of a UK-wide survey of the financial capability – knowledge, attitudes and behaviours – of 4-17-year-olds and their parents
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Financial Education, Financial Capability
Country/Countries: United Kingdom
Year of publication: 2017
National research plan for financial literacy 2016-2018
This report presents Canada’s National Research Plan for Financial Literacy, to generate key evidence for the implementation of the National Strategy for Financial Literacy.
Qualitative research is more exploratory, and uses a range of methods like interviews, focus groups and observation to gain a deeper understanding about specific issues - such as people’s experiences, behaviours and attitudes.
Quantitative research uses statistical or numerical analysis of survey data to answer questions about how much, how many, how often or to what extent particular characteristics are seen in a population. It is often used to look at changes over time and can identify relationships between characteristics like people’s attitudes and behaviours.
Topics: Financial Education
Country/Countries: Canada
Year of publication: 2017
