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Financial literacy around the world : an overview of the evidence with practical suggestions for the way forward
Author:Xu, Lisa; Zia, Bilal; Collection Title:Policy Research working paper ; no. WPS 6107
Country:World; Date Stored:2012/06/27
Document Date:2012/06/01Document Type:Policy Research Working Paper
SubTopics:Primary Education; Financial Literacy; Access to Finance; Access & Equity in Basic Education; Education For AllLanguage:English
Major Sector:FinanceRel. Proj ID:1W-The Crisis And Beyond: Fy11-Fy13 -- -- P122136;
Region:The World RegionReport Number:WPS6107
Sub Sectors:General finance sectorVolume No:1 of 1

Summary: Financial literacy programs are fast becoming a key ingredient in financial policy reform worldwide. Yet, what is financial literacy exactly and what do we know of its effectiveness? This paper collects insights from the literature thus far and summarizes global evidence on financial literacy, its correlates, and existing and upcoming causal investigations. The authors conclude with a synthesis of policy advice and practical suggestions for the way forward in this fast growing area of research.

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