Journal of Economics and Economic Education Research (Print ISSN: 1533-3590; Online ISSN: 1533-3604)


A Review of Economic Education and the Attainment of Financial Literacy

Author(s): Erika Hugh

Financially informed consumers should, logically, make better decisions for their families, so improving their financial stability and well-being. Families who are secure are better equipped to donate to vital, thriving communities, which help to support community economic development. The effectiveness of financial literacy education programmes and interventions for children and adolescents is evaluated in this comprehensive research review. In addition, the important criteria of a good financial-education curriculum's design are described. "Experiential learning" is a potential strategy for teaching financial literacy to children and adolescents in primary and secondary school. In college, the emphasis should be on students' specific "life events." The findings could aid in the development of a successful school-based financial education programme.

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