Chapter

How to Improve Financial Literacy: Some Successful Strategies

Diana Crossan

in Financial Literacy: Implications for Retirement Security and the Financial Marketplace

Published in print October 2011 | ISBN: 9780199696819
Published online January 2012 | e-ISBN: 9780191732089 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199696819.003.0013

Series: Pensions Research Council

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.

Keywords: financial education; literacy; New Zealand; retirement; government; private; knowledge

Chapter.  4935 words.  Illustrated.

Subjects: Pensions

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