Despite increasing interest in and funding for financial literacy and financial education
programs in the private and public sectors, the field of financial literacy still has a major …

Financial literacy (or financial knowledge) is typically an input to model the need for financial
education and explain variation in financial outcomes. Defining and appropriately …

Despite the proliferation of academic studies examining financial literacy and financial
outcomes, no consistent definition or empirically validated measures of financial literacy …

For well over a decade, financial literacy has been a primary lens through which researchers
approach financial education. Unfortunately, in most cases, this potentially rich construct is …

Financial education represents an area of popular interest, owing largely to the Jump $ tart
surveys of financial literacy. However, while the surveys represent indicators of financial …

Current economic conditions have raised serious concerns about Americans' financial
security, especially for those who lack the skills and resources to withstand financial market …

Twenty-nine scholars from public and private universities, non-profit organizations, and the
federal government participated in a National Research Symposium on Financial Literacy …

The hypothesis that people with more financial literacy make better financial decisions and
show positive financial behaviors is crucial for more than one stakeholder. A weak …

A combined measure of financial literacy that includes both a test score of actual financial
literacy and a self‐rating of overall financial literacy is used in this study. We find that the …

Purpose The purpose of this paper is to review the main methods used in the literature to
measure financial literacy (FL) of individuals. Design/methodology/approach The paper …