How to Improve Financial Literacy: Some Successful Strategies
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In New Zealand, the connection between financial literacy and security in retirement is well accepted, based on the understanding that people need to have the confidence and ability to make informed and lasting decisions about their personal finances throughout their lives. This chapter presents five strategies that are having some success in lifting New Zealanders’ financial literacy and the common elements that connect them. The chapter finishes with a discussion of the importance of monitoring and evaluation while noting the inherent difficulties in proving a causal link from financial education to greater financial literacy to improved financial well-being.
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Opinions and conclusions are solely those of the author(s) and do not reflect views of the institutions supporting the research, with whom the authors are affiliated, or the Pension Research Council. Copyright 2010 © Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.
Date Posted: 07 August 2019