Youth Financial Literacy: A Review of Key Considerations and Promising Delivery Methods

Casey Totenhagen (), Deborah Casper, Kelsey Faber, Leslie Bosch, Christine Wiggs and Lynne Borden

Journal of Family and Economic Issues, 2015, vol. 36, issue 2, 167-191

Abstract: The majority of youth consistently receive failing scores on financial literacy tests—even those who have taken courses on personal finance or money management. Some specific programs, however, have demonstrated beneficial effects. Thus, it is imperative to identify the key considerations and promising delivery methods which may inform positive changes in financial literacy and/or behavior among youth. In the present study, we conducted a comprehensive review of the current literature on youth financial literacy education, with the goal of identifying characteristics of financial education programs which may influence positive changes. The findings from the literature on these key considerations and promising delivery methods are discussed in detail, with attention given to developmental considerations as appropriate. Copyright Springer Science+Business Media New York 2015

Keywords: Financial literacy; Financial education; Youth; Best practices; Comprehensive review (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (18)

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DOI: 10.1007/s10834-014-9397-0

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