Abstract

The Israeli ultra-Orthodox community is a segregated religious minority suffering from poverty, yet its youth do not receive financial education. This mixed-method research explores the effectiveness of a financial education program for affianced ultra-Orthodox men. 11 interviewees answered qualitative questionnaires, and 201 program graduates evaluated program effectiveness, financial conduct, and demographics, compared to 36 control-group participants. Qualitative results emphasize the program’s importance for yeshiva students. Quantitative results demonstrate better savings behavior and more consultation willingness of graduates. Culturally-sensitive programming can lead to improved financial conduct; therefore, governmental investment is essential for Israeli economic welfare and for the ultra-Orthodox community.

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