Business, Management and Accounting
8 years ago

Financial literacy training leads to better decision-making and economic well-being.

Federal Reserve Bulletin
Financial Literacy: An Overview of Practice, Research, and Policy
Sandra F. Braunstein, Carolyn Welch

Paper Summary

Financial literacy has become more important due to changes in the financial industry, leading to concerns about consumers' lack of knowledge. Many organizations offer financial training, which can improve decision-making. Recent research on money management styles and human behavior can help develop effective training programs.

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