Sheraton Uptown, Albuquerque, NM, USA
Saturday, April 22 • 10:30am - 12:00pm
A3D-An Examination of the Effectiveness of Financial Education under Situational Stimuli from a Behavioral Finance Perspective (NEFE Paper Award)

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Financial education is found to enhance asset-building abilities of low-income and vulnerable households, and can help improve saving and general financial decision-making (Bell & Lerman, 2005; Lusardi, 2008). However, other studies indicate that financial education programs have limited impact on self-evaluated financial literacy and have little link to better financial behaviors (Mandell & Klein, 2009). The purposes of this study are: 1) to determine whether financial education can effectively improve financial literacy, and 2) to examine whether situational influences on emotions impact the relationship between financial education and financial literacy.

Speakers & Presenters
avatar for Swarn Chatterjee

Swarn Chatterjee

Professor, University of Georgia

Lu Fan

Doctoral Candidate, University of Georgia

Saturday April 22, 2017 10:30am - 12:00pm

Attendees (3)