Policy Research Talk: Understanding Financial Education: What Works, What Doesn’t, and What’s Next?

Financial education has fast emerged as a key policy tool to help individuals and households navigate the increasingly complex financial decisions they have to make in both the short- and long-term.Yet, evidence is very mixed on the effectiveness of such programs, which generally under-deliver on their original promise. In this talk, Bilal Zia dug into the weeds of financial education and summarizes the growing consensus on what works and what doesn’t in the financial education space.