Financial education for adults: Effective practices and some recommendations
Kiss, D. Elizabeth
Is Version Of
Human Development and Family Studies
Financial education, which refers to any initiative or program that facilitates knowledge, skills, or behavior change in a participant, strives to improve the financial well-being of consumers. A financial educator must plan carefully to create an effective adult education program. This chapter reviews several key elements that are necessary to design and implement an effective adult financial education program and considerations to keep in mind when designing adult financial education programs, such as learner and educator characteristics and the learning environment. The chapter provides a discussion of the basic tenets of adult learning principles that serve as the foundation of effective financial education. The chapter also discusses the U.S. national strategy that addresses best practices for adult financial education. A short discussion of community and employer-based financial education concludes the chapter.
Bartholomae, S., Kiss, D., E., Pippidis, M., Financial education for adults Effective practices and some recommendations in The Routledge Handbook of Financial Literacy (1st ed.). Nicolini, G., & Cude, B.J. (Eds.). (2021) Section 4 (Chapter 14); Routledge. https://doi.org/10.4324/9781003025221-19. Posted with permission.