Youth Financial Literacy: A Review of Key Considerations and Promising Delivery Methods

Casey J. Totenhagen, Deborah M. Casper, Kelsey M. Faber, Leslie A. Bosch, Christine Bracamonte Wiggs, Lynne M Borden

Research output: Contribution to journalReview articlepeer-review

21 Scopus citations

Abstract

The majority of youth consistently receive failing scores on financial literacy tests—even those who have taken courses on personal finance or money management. Some specific programs, however, have demonstrated beneficial effects. Thus, it is imperative to identify the key considerations and promising delivery methods which may inform positive changes in financial literacy and/or behavior among youth. In the present study, we conducted a comprehensive review of the current literature on youth financial literacy education, with the goal of identifying characteristics of financial education programs which may influence positive changes. The findings from the literature on these key considerations and promising delivery methods are discussed in detail, with attention given to developmental considerations as appropriate.

Original languageEnglish (US)
Pages (from-to)167-191
Number of pages25
JournalJournal of Family and Economic Issues
Volume36
Issue number2
DOIs
StatePublished - Jun 1 2015

Keywords

  • Best practices
  • Comprehensive review
  • Financial education
  • Financial literacy
  • Youth

Fingerprint Dive into the research topics of 'Youth Financial Literacy: A Review of Key Considerations and Promising Delivery Methods'. Together they form a unique fingerprint.

Cite this