This article reviews the evaluation literature on financial education and counseling for adults
in order to synthesize implications for research and practice. Most evaluations report positive …

In cross-sectional data sets from ten credit markets, we find that middle-aged adults borrow
at lower interest rates and pay fewer fees relative to younger and older adults. Fee and …

" Nudging"-framing people's choices so as to channel them to better outcomes without
substantively limiting choice-is all the rage,'and perhaps the most popular framing tool is the …

In this paper, we use two comprehensive micro-data sets to study how the distribution of
mortgage debt evolved during the 2000s housing boom. We show that the allocation of …

This study analyzed the role of financial literacy as a mediator between financial education
and sound personal finance to assess how financial education affects the soundness of …

This study estimates how financial education affects a person's financial literacy score, short-
term financial behaviors, and long-term financial behaviors using data from the 2012 …

This article highlights the prevalence and economic outcomes offnancial illiteracy among
American households, and reviews previous research that examines how improvingfinancial …

Financial Literacy means knowledge of basic economic and financial concepts, as well as
the ability to use that knowledge and other financial skills to manage financial resources …

In the wake of the housing crisis in 2008, US policymakers have developed a range of policy
proposals to address the risk of mortgage borrowers going into payment default. Some of …

We analyze the consequences of consumer education on prices and welfare in retail
financial markets when some consumers are naive about shrouded add-on prices and …