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

Virginia Hopley

Community Reinvestment Report, 2003, issue Spr

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.

Keywords: Financial; literacy (search for similar items in EconPapers)
Date: 2003
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