Abstract
In recent decades, we have seen an increase in both the complexity of financial markets and the expectations of individual responsibility for people’s financial decision-making. Policies supporting financial literacy education are promoted as a way to decrease reliance on social safety nets. The assumption is that low levels of financial literacy translate to lower economic outcomes and, thus, increased dependence on social programs. We use the 2018 National Financial Capabilities Study to investigate the possible relationship between high school mandated financial literacy education and social program participation and find no evidence of such a relationship.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
