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A National Campaign for Financial Literacy: Empowering Americans Through Education
Introduction:
Are you tired of feeling overwhelmed by personal finance? Do you wish you had a better understanding of budgeting, investing, or debt management? You're not alone. Millions of Americans struggle with financial insecurity, hampered by a lack of accessible and effective financial literacy education. This comprehensive guide dives deep into the urgent need for a robust national campaign for financial literacy, exploring its potential benefits, key components, and the crucial steps needed to make it a reality. We'll examine successful existing programs, identify critical gaps, and propose practical solutions to empower individuals and strengthen the nation's economic well-being. Get ready to learn how you can contribute to a brighter financial future for yourself and your community.
The Urgent Need for a National Financial Literacy Campaign:
The lack of financial literacy in the United States has far-reaching consequences. High levels of consumer debt, low savings rates, and inadequate retirement planning are just a few of the symptoms. This impacts not only individuals but also the broader economy. A financially illiterate population is more vulnerable to predatory lending practices, scams, and economic hardship, placing a strain on social safety nets and hindering overall economic growth. A national campaign is essential to address this pervasive issue on a large scale.
Key Components of a Successful National Campaign:
A truly impactful national campaign for financial literacy requires a multi-pronged approach targeting different demographics and utilizing diverse educational methods. Here are some key components:
1. Age-Appropriate Curriculum Development: Financial literacy education should begin early. K-12 curriculum needs to incorporate age-appropriate lessons on saving, budgeting, and responsible spending. College-level courses should expand on these fundamentals, incorporating more complex topics like investing, debt management, and financial planning for different life stages.
2. Accessible Resources and Platforms: The campaign must leverage various channels to reach diverse populations. This includes online resources (interactive websites, videos, webinars), mobile apps, community workshops, and partnerships with libraries and community centers. Content should be available in multiple languages to address linguistic barriers.
3. Targeted Outreach Programs: Specific programs should be designed to address the unique financial challenges faced by different demographics, such as low-income families, senior citizens, veterans, and individuals with disabilities.
4. Mentorship and Peer Support: Pairing individuals with financial mentors or connecting them with peer support groups can provide personalized guidance and encouragement. This creates a supportive environment where individuals feel comfortable asking questions and sharing their experiences.
5. Collaboration and Partnerships: A national campaign requires collaboration between government agencies, educational institutions, non-profit organizations, financial institutions, and the private sector. This synergistic approach will maximize reach and impact.
6. Continuous Evaluation and Improvement: The effectiveness of the campaign should be continuously monitored and evaluated. Data collection and feedback mechanisms are crucial to identify areas for improvement and adapt strategies to changing needs.
7. Addressing Systemic Inequalities: The campaign must acknowledge and address systemic inequalities that disproportionately impact certain communities. This includes promoting access to fair lending practices, affordable financial services, and opportunities for economic advancement.
Successful Existing Programs and Best Practices:
Several successful financial literacy programs already exist at the state and local levels. Studying these programs can reveal best practices and valuable lessons that can be incorporated into a national campaign. For instance, some programs have found great success using gamification to make learning engaging, while others have prioritized building trust and rapport with participants through personalized mentorship.
Addressing Gaps and Challenges:
Despite existing initiatives, significant gaps remain. One major challenge is reaching underserved populations, especially those with limited access to technology or those who distrust traditional financial institutions. Another challenge is ensuring the long-term sustainability of the campaign through consistent funding and ongoing support.
Proposed Solutions and Recommendations:
To overcome these challenges, a national campaign should include:
Increased Federal Funding: Dedicated funding is essential to support curriculum development, resource creation, outreach programs, and evaluation efforts.
Public Awareness Campaigns: Large-scale media campaigns can raise awareness about the importance of financial literacy and direct individuals to available resources.
Teacher Training and Professional Development: Equipping educators with the necessary knowledge and skills to effectively teach financial literacy is crucial.
Stronger Partnerships with Financial Institutions: Financial institutions can play a significant role by offering free workshops, providing educational materials, and supporting community outreach programs.
Conclusion:
A national campaign for financial literacy is not merely a desirable goal; it is a vital necessity. By empowering individuals with the knowledge and skills to manage their finances effectively, we can create a more financially secure and prosperous nation. The proposed framework, incorporating age-appropriate education, accessible resources, targeted outreach, and strategic partnerships, offers a pathway to achieving this ambitious yet achievable objective. The time for action is now. Let's work together to build a financially empowered America.
Proposed Book Outline: "Empowering America: A Blueprint for National Financial Literacy"
Introduction: Defining financial literacy, outlining the economic and social benefits of a national campaign, and setting the stage for the book's content.
Chapter 1: The State of Financial Literacy in America: Assessing the current landscape, identifying key challenges and disparities, and presenting statistical evidence of the need for a national campaign.
Chapter 2: Developing an Effective Curriculum: Discussing age-appropriate curriculum development, incorporating best practices from existing programs, and creating engaging and accessible learning materials.
Chapter 3: Reaching Diverse Populations: Strategies for reaching underserved communities, including those with limited technological access, language barriers, and cultural differences.
Chapter 4: Leveraging Technology and Innovative Approaches: Exploring the use of technology, gamification, and other innovative approaches to make financial education more engaging and effective.
Chapter 5: Building Partnerships and Collaboration: Strategies for building strong collaborations between government agencies, educational institutions, non-profit organizations, and the private sector.
Chapter 6: Funding and Sustainability: Exploring various funding models, securing long-term financial support, and ensuring the ongoing sustainability of the national campaign.
Chapter 7: Measuring Impact and Evaluation: Designing effective evaluation strategies, collecting data, and using insights to improve the effectiveness of the campaign.
Conclusion: Reiterating the importance of a national financial literacy campaign, offering a call to action, and outlining next steps for implementation.
(Detailed explanation of each chapter would follow here, expanding on the points made in the outline. This would significantly increase the word count, but maintaining a detailed explanation for each chapter within this response would exceed reasonable length.)
FAQs:
1. What is financial literacy? Financial literacy is the ability to understand and effectively manage one's personal finances, including budgeting, saving, investing, and debt management.
2. Why is a national campaign necessary? A national campaign is necessary to address the widespread lack of financial literacy, which contributes to economic insecurity, debt, and limited economic opportunities for many Americans.
3. Who will benefit from this campaign? Individuals of all ages, backgrounds, and income levels will benefit, although targeted programs will address the specific needs of vulnerable populations.
4. How will the campaign be funded? Funding will likely come from a combination of federal grants, private sector donations, and partnerships with financial institutions.
5. What kind of resources will be provided? Resources will include online tools, educational materials, workshops, mentorship programs, and community outreach initiatives.
6. How will the campaign's success be measured? Success will be measured through data collection on increased financial knowledge, improved financial behaviors, and reduced levels of financial distress.
7. How will the campaign address systemic inequalities? Targeted programs and outreach efforts will focus on addressing systemic barriers that disproportionately affect underserved communities.
8. What role will schools play? Schools will play a crucial role in incorporating age-appropriate financial literacy into their curriculum.
9. How can I get involved? You can get involved by advocating for financial literacy education, supporting relevant organizations, and sharing information with your community.
Related Articles:
1. The Impact of Financial Illiteracy on Economic Inequality: Explores the link between financial literacy and economic disparities.
2. Financial Literacy Programs for Low-Income Families: Focuses on successful programs designed to address the unique challenges of low-income families.
3. Gamification and Financial Literacy Education: Discusses the effectiveness of using game-based learning to teach financial concepts.
4. The Role of Technology in Promoting Financial Literacy: Examines the use of technology to enhance financial education and access.
5. Mentorship and Peer Support in Financial Literacy Programs: Highlights the importance of personalized guidance and peer support in financial education.
6. Financial Literacy for Seniors: Addresses the specific financial needs and challenges of older adults.
7. Building a National Financial Literacy Curriculum: Discusses the key elements of a comprehensive curriculum for all age groups.
8. Measuring the Effectiveness of Financial Literacy Programs: Explores various methods for assessing the impact of financial literacy interventions.
9. The Future of Financial Literacy in the Digital Age: Discusses the evolving landscape of financial literacy and the role of technology in shaping the future.
| national campaign for financial literacy: Financial literacy education United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Education Reform, 2004 |
| national campaign for financial literacy: International Handbook of Financial Literacy Carmela Aprea, Eveline Wuttke, Klaus Breuer, Noi Keng Koh, Peter Davies, Bettina Greimel-Fuhrmann, Jane S. Lopus, 2016-03-24 This Handbook presents in-depth research conducted on a myriad of issues within the field of financial literacy. Split into six sections, it starts by presenting prevalent conceptions of financial literacy before covering financial literacy in the policy context, the state and development of financial literacy within different countries, issues of assessment and evaluation of financial literacy, approaches to teaching financial literacy, and teacher training and teacher education in financial literacy. In doing so, it provides precise definitions of the construct of financial literacy and elaborates on the state and recent developments of financial literacy around the world, to show ways of measuring and fostering financial literacy and to give hints towards necessary and successful teacher trainings. The book also embraces the diversity in the field by revealing contrasting and conflicting views that cannot be bridged, while at the same time making a contribution by re-joining existing materials in one volume which can be used in academic discourse, in research-workshops, in university lectures and in the definition of program initiatives within the wider field of financial literacy. It allows for a landscape of financial literacy to be depicted which would foster the implementation of learning opportunities for human beings for sake of well-being within financial living-conditions. The Handbook is useful to academics and students of the topic, professionals in the sector of investment and banking, and for every person responsible for managing his or her financial affairs in everyday life. |
| national campaign for financial literacy: Improving Financial Literacy in the United States United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs, 2009 |
| national campaign for financial literacy: Federal Government's Role in Empowering Americans to Make Informed Financial Decisions United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia, 2008 |
| national campaign for financial literacy: Financial Literacy and Education United States. Congress. House. Committee on Financial Services, 2008 |
| national campaign for financial literacy: United States Code United States, 2012 |
| national campaign for financial literacy: The Routledge Handbook of Financial Literacy Gianni Nicolini, Brenda J. Cude, 2021-12-30 Financial literacy and financial education are not new topics, even though interest in these topics among policymakers, financial authorities, and academics continues to grow. The Routledge Handbook of Financial Literacy provides a comprehensive reference work that addresses both research perspectives and practical applications to financial education. This is the first volume to summarize the milestones of research in financial literacy from multiple perspectives to offer an overview. The book is organized into six parts. The first three parts provide a conceptual framework, which discusses what financial literacy is, how it should be measured, and explains why it represents a relevant topic and effective tool in enhancing decision-making among consumers as well as consumer protection strategies. Part IV addresses the connection between financial education and financial literacy, with chapters about financial education in school settings as well as for adults. This part includes an analysis of the role of Fintech and the use of gamification in financial education. Part V is a collection of contributions that analyze financial literacy and financial education around the world, with a focus on geographical areas including the U.S., South America, Western Europe, Eastern Europe, Asia, and Africa. This part also considers how financial literacy should be addressed in the case of Islamic finance. The concluding part of the book examines how financial literacy is related to other possible approaches to consumer finance and consumer protection, addressing the relationships between financial literacy and behavioral economics, financial well-being, and financial inclusion. This volume is an indispensable reference for scholars who are new to the topic, including undergraduate and graduate students, and for experienced researchers who wish to enrich their knowledge, policymakers seeking a broader understanding and an international perspective, and practitioners who seek knowledge of best practices as well as innovative approaches. |
| national campaign for financial literacy: United States Code United States, 1983 |
| national campaign for financial literacy: Financial Literacy Education Asta Zokaityte, 2017-06-26 This book explores the issue of consumer financial education, responding to increased interest in, and calls to improve peoples’ financial literacy skills and abilities to understand and manage their money. New conceptual frameworks introduced in the book offer academic audiences an innovative way of thinking about the project on financial literacy education. Using the concepts of ‘edu-regulation’ and ‘financial knowledge democratisation’ to analyse the financial education project in the UK, the book exposes serious, and often ignored, limitations to using information and education as tools for consumer protection. It challenges the mainstream representation of financial literacy education as a viable solution to consumer financial exclusion and poverty. Instead, it argues that the project on financial literacy education fails to acknowledge important dependences between consumer financial behaviour and the socio-economic, political, and cultural context within which consumers live. Finally, it reveals how these international and national calls for ever greater financial education oversimplify and underestimate the complexity of consumer financial decision-making in our modern times. |
| national campaign for financial literacy: List of Selected Federal Programs That Have Similar Or Overlapping Objectives, Provide Similar Services, Or are Fragmented Across Government Missions Patricia Dalton, 2011-05 A supplement to Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue. Identifies federal programs, agencies, offices, and initiatives, either within departments or governmentwide, which have duplicative goals or activities. Section I of that report touched on hundreds of federal programs government-wide which were found to have similar or overlapping objectives, provide similar services to the same populations, or are involved in government missions that are fragmented across multiple agencies. This report provides a more detailed listing of programs that have been identified in several areas discussed in their March 1 report. Tables. This is a print on demand report. |
| national campaign for financial literacy: United States Code, 2000, Supplement 4, V. 3 Title 20, Education, to Title 26, Internal Revenue Code, January 2, 2001, to January 2005 , 2006-12 Contains additions to and changes in the general and permanent laws of the United States enacted during the 108th Congress, 1st Session. |
| national campaign for financial literacy: Improving Financial Literacy United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit, 2007 |
| national campaign for financial literacy: Financial Literacy in Greece: Relevance, Actors and Initiatives OECD, 2024-01-23 This report discusses the background for improving financial literacy in Greece, as part of a larger project to develop a Greek national financial literacy strategy. It presents the stakeholders directly involved with or interested in financial literacy, and analyses the financial literacy initiatives currently implemented in the country. |
| national campaign for financial literacy: Not Born Yesterday United States. Congress. Senate. Special Committee on Aging, 2006 |
| national campaign for financial literacy: Learning to Save United States. Congress. Senate. Special Committee on Aging, 1999 |
| national campaign for financial literacy: Handbook of Consumer Finance Research Jing J. Xiao, 2008-01-03 This handbook surveys the social aspects of consumer behavior, offering latest data and original research on current consumer needs as well as identifying emerging areas of research. This accessible volume (which can be read without advanced training in the field) starts with current concepts of risk tolerance, consumer socialization, and financial well-being, and moves on to salient data on specific settings and populations such as high school students and the older consumer. |
| national campaign for financial literacy: Generations Working Together United States. Congress. House. Committee on Financial Services, 2005 |
| national campaign for financial literacy: OECD Reviews of Pension Systems: Slovenia OECD, 2022-01-27 This review provides policy recommendations on how to improve the Slovenian pension system, building on the OECD’s best practices in pension design. It details the Slovenian pension system and identifies its strengths and weaknesses based on cross‐country comparisons. |
| national campaign for financial literacy: United States Statutes at Large United States, 2004 |
| national campaign for financial literacy: Serving the underserved United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit, 2003 |
| national campaign for financial literacy: The State of Financial Literacy and Education in America United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs, 2003 |
| national campaign for financial literacy: United States Code , 2013 Preface 2012 edition: The United States Code is the official codification of the general and permanent laws of the United States. The Code was first published in 1926, and a new edition of the code has been published every six years since 1934. The 2012 edition of the Code incorporates laws enacted through the One Hundred Twelfth Congress, Second session, the last of which was signed by the President on January 15, 2013. It does not include laws of the One Hundred Thirteenth Congress, First session, enacted between January 3, 2013, the date it convened, and January 15, 2013. By statutory authority this edition may be cited U.S.C. 2012 ed. As adopted in 1926, the Code established prima facie the general and permanent laws of the United States. The underlying statutes reprinted in the Code remained in effect and controlled over the Code in case of any discrepancy. In 1947, Congress began enacting individual titles of the Code into positive law. When a title is enacted into positive law, the underlying statutes are repealed and the title then becomes legal evidence of the law. Currently, 26 of the 51 titles in the Code have been so enacted. These are identified in the table of titles near the beginning of each volume. The Law Revision Counsel of the House of Representatives continues to prepare legislation pursuant to 2 USC 285b to enact the remainder of the Code, on a title-by-title basis, into positive law. The 2012 edition of the Code was prepared and published under the supervision of Ralph V. Seep, Law Revision Counsel. Grateful acknowledgment is made of the contributions by all who helped in this work, particularly the staffs of the Office of the Law Revision Counsel and the Government Printing Office. -- John. A. Boehner, Speaker of the House of Representatives, Washington, D.C., January 15, 2013--Page VII. |
| national campaign for financial literacy: Departments of Labor, Health and Human Services, Education, and Related Agencies Appropriations for 1998: Department of Labor United States. Congress. House. Committee on Appropriations. Subcommittee on the Departments of Labor, Health and Human Services, Education, and Related Agencies, 1997 |
| national campaign for financial literacy: Departments of Labor, Health and Human Services, Education, and Related Agencies Appropriations for 1998 , 1997 |
| national campaign for financial literacy: OECD Pensions Outlook 2020 OECD, 2020-12-07 The 2020 edition of the OECD Pensions Outlook examines a series of policy options to help governments improve the sustainability and resilience of pension systems. |
| national campaign for financial literacy: OECD Pensions Outlook 2014 OECD, 2014-12-08 This book looks at pension reform, the role of private pensions and retirement savings. Population ageing and longevity risk is examined as are the means of increasing coverage and providing automatic enrolment. |
| national campaign for financial literacy: House Reports , |
| national campaign for financial literacy: Automatic William G. Gale, J. Mark Iwry, David C. John, 2011-12-01 Automatic offers an innovative new way to think about how Americans can save for retirement. Over the past quarter century, America's pension system has shifted away from defined benefit plans and toward defined contribution savings programs such as 401(k)s and IRAs. There is much to be done to improve the defined contribution system. Many workers fail to participate and those who do often contribute too little, invest the funds poorly, and are not adequately prepared to manage funds while in retirement. To resolve these problems, the authors propose that employees should be automatically enrolled into a 401(k) plan when they are hired, with the right to opt out, change the amount that they contribute, or change investment choices if they choose. If the employer does not sponsor a 401(k) or similar retirement plan, they would be enrolled in a payroll deduction Automatic IRA. This vision of a transformed defined contribution system incorporates key positive features of defined benefit plans to improve retirement security. Employess contributions would increase over time, their investments would benefit from professional management and rebalancing, and they would receive lifetime income upon retirement. These automatic features will make the 401(k) and similar plans a more effective tool for retirement saving, and they can be extended to the many workers who do not currently have access to an employer plan. In Automatic, the authors present proposals to implement automatic features in all phases of the 401(k) and in IRAs for workers with no employer plan. They also draw from the experience of countries that have implemented automatic saving structures. |
| national campaign for financial literacy: Aging workforce : what does it mean for businesses and the economy? : hearing , |
| national campaign for financial literacy: Improving financial literacy : working together to develop private sector coordination and solutions : hearing , |
| national campaign for financial literacy: The Library's Role in Supporting Financial Literacy for Patrons Carol Smallwood, 2016-05-17 Library Roles in Achieving Financial Literacy among its Patrons is a collection of articles from 25 librarians in different parts of the U.S. and Canada, each contributing 3,000-4,000 words: concise chapters with sidebars, bullets, and headers; there is an introduction. Contributors were selected for the creative potential in their topics, those that can be used in various types of libraries and that demonstrate a command of financial literacy and are able to communicate what they know to aiding users solve their financial information problems. The collection has three sections. The first provides an overview of financial literacy: what it means generally, what needs exist among library patrons, and what approaches have been tried to date. The second section deals with resources that are available in libraries, or should be made available. These include collections, skill sets in librarians, program opportunities and others. The third section is a series of case studies that demonstrate successes and best practices. |
| national campaign for financial literacy: OECD Pensions Outlook 2016 OECD, 2016-12-05 The OECD Pensions Outlook 2016 assesses policy issues regarding strengthening pension systems and, in particular, funded pension plans. |
| national campaign for financial literacy: HowMoneyWorks, Stop Being a Sucker Tom Mathews, Steve Siebold, 2021 Financial illiteracy is the #1 economic crisis in the world, impacting more than 5 billion people across the planet. The few who know how money works take advantage of those who do not - the suckers. This book is designed to help you break the cycle of endless debt, foolish spending and financial cluelessness so you can stop being a sucker, start being a student and take control of your financial future. |
| national campaign for financial literacy: Community/Public Health Nursing Practice Frances A. Maurer, Claudia M. Smith, 2012-10-01 Focusing on practical, need-to-know information, Community/Public Health Nursing Practice helps you learn how to apply the nursing process at the community and family level. It features an engaging, easy-to-understand writing style, as well as assessment tools, detailed case studies, and clinical examples that demonstrate how key concepts apply to real-world practice. Additional resources on the companion Evolve website expand and enhance content within the text. Practical features including Case Studies, Ethics in Practice, and The Nursing Process in Practice illustrate real-world applications of key community/public health nursing concepts. A complete unit on the community as client helps you understand how the assessment, diagnosis, planning, intervention, and evaluation steps of the nursing process apply to the community, as opposed to an individual. A chapter devoted to community assessment provides a complete assessment tool and shows you how the tool applies to two different types of communities. UNIQUE! A chapter on screening and referral promotes population-focused practice, which is the crux of community/public health nursing. A separate unit on the family emphasizes the importance of viewing the family as a singular client. A complete discussion of the Minnesota Wheel helps you better understand this widely-accepted framework for community/public health nursing practice. Helpful sections such as Focus Questions, Chapter Outlines, Key Ideas, and Learning by Experience and Reflection help you pinpoint essential information. NEW! Healthy People 2020 objectives throughout the text help you identify common health risk factors in populations and families. NEW! Coverage of health care reform, including the Patient Protection and Affordable Care Act of 2010 (PPACA), explores how current health care legislation impacts community/public health nursing. NEW! Discussions of community health hot button issues, such as human trafficking, genital circumcision, and bullying, introduce you to today's health care challenges. NEW! Information on weather-related disaster fatalities, bioterrorism, and national and state planning responses familiarize you with current, relevant issues which affect the health of populations worldwide and shape the role of the community/public health nurse. |
| national campaign for financial literacy: Modernizing the U.S. Financial Regulatory System United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs, 2009 |
| national campaign for financial literacy: Improving Consumer Financial Literacy Under the New Regulatory System United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit, 2009 |
| national campaign for financial literacy: FINANCIAL ECONOMICS AND SUSTAINABILITY ISSUES IN INDIA Dr. Vaibhav, Shri Narayan Pandey, Gautam P. Pradhan, 2016-05-01 The scientific breakthrough in financial modeling was shaped by an extraordinary flow of financial innovation that coincided with revolutionary changes in the world financial market and institutions. As the global financial market is integrated, financial modeling has become more complex in this uncertain environment, requiring higher analytical expertise. In such situation, the term Financial Economics emerged into fashion. |
| national campaign for financial literacy: Congressional Record United States. Congress, 2004 The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873) |
| national campaign for financial literacy: Financial Literacy and Ageing in Developing Economies Kshipra Jain, 2023-05-09 This book weaves together current understanding around financial literacy and ageing, arguing for the relevance of financial literacy for old age security. Building upon on the experiences of ten developing Asian economies with a focus on India, the book enters new territory by developing frameworks that identify predictors of financial literacy and a mechanism for its internalization, as well as recognising the need for specialized training programs for the older population in order to establish a link between financial literacy and old age security. It thus makes a case about the centrality of financial literacy in creating an environment conducive to a dignified ageing experience in this world of shouldering one’s own responsibility. Going forward, the book comprehends financial literacy for India as a skill which enables an individual to decide the suitable avenues to invest savings, utilize monetary resources and shape financial decisions aligned with their financial goals, in accordance with the dynamic financial & economic environment. This original volume is a first-time attempt to provide an in-depth account of financial literacy and its association with savings behavior, old age planning, wealth accumulation, healthcare and wellbeing in older age. It also provides a detailed account of various measurement tools used and policy initiatives undertaken across the globe for financial literacy. It is an indispensable reference guide for scholars and researchers, cutting across multiple disciplines particularly financial and development economics, gerontology, demography, social work, psychology and public policy. |
| national campaign for financial literacy: The Future of Consumer Credit Regulation Michelle Kelly-Louw, Peter Rott, 2016-12-05 Effective regulation of consumer credit in modern society is an ever-changing challenge. As new forms of credit emerge in free societies, regulation often lags behind. This volume explores contemporary problems related to the regulation of consumer credit in market economies with a focus on credit extended to the most vulnerable and poorest members of the community. Written by experts in the field of consumer credit regulation from Europe, North America, Australia and South Africa, the book examines some of the most important consumer credit issues facing consumers today and proposes innovative ways to protect the consumer interest in those markets. |
