Work

Can Financial Literacy Enhance Asset Building?

Year: 2023

Type: article

Abstract: Even when incentives to save and invest are strong, many low- and moderate-income families lack the basic knowledge to manage their income wisely, build wealth, and avoid excessive debt. This brief examines financial literacy research and programs to improve financial knowledge and decision-making. While research suggests that existing programs do make a difference in financial behavior, data collection and policy concerns make financial literacy a fertile ground for further development as part of an asset-building agenda.

Source: Figshare

DOI: 10.57912/23888955

Authors: Bell, Elizabeth, Lerman, Robert

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: No poverty

Open Access status: green

OpenAlex ID: W2098512543

FWCI: 0.581

Cites: 12

Cited by: 30

Related to: 10