Children's finance special: Financial education must extend beyond the classroom
Comment: Even customers who are financially literate may still be blindsided by financial institutions’ marketing techniques, writes Liam Delaney
Consumers find financial products confusing. Industry often uses marketing techniques to exploit this. This creates problems for households and the stability of the economy.
We should neither dismiss nor exaggerate the role of financial education in resolving these problems. Research suggests a role for financial literacy in sound personal finances. Developing financial literacy programmes, based on solid evidence, should be a priority for policymakers. This is getting greater attention across a range of agencies in...
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