Studies show that learning about personal finance vastly improves people’s overall financial health and well-being.
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Beyond that, the study found that financial literacy levels remain low. This finding— along with the potentially dangerous borrowing habits—underscores the need for us to continue to explore innovative ways to build financial capability among consumers."
To better understand these discrepancies and to extract higher-order findings from the sum results of available research to date, the National Endowment for Financial Education (NEFE}) funded a meta-analysis—a scientifically robust review of research—exploring the link between financial education, literacy, and behaviors."