With higher probabilities of engaging in recommended credit, saving, and investment practices Particular financial practices-knowing aboutĬredit, saving, and investment was correlated Knowledge were statistically significant for Likely to engage in recommended financial Knowledge was statistically linked to financial To analyze some of the connections between This article focuses on four financialmanagement activities-cash-flow management,Ĭredit management, saving, and investment.ĭata from the Surveys of Consumers are used
Implicit assumption that increases in information and knowledge will lead to changes inįinancial-management practices and behaviors. Information to consumers and operate under the Many of these programs focus on providing Increase in the number and types of financialĮducation programs available to households. Boyer.Ĭonsumer financial literacy has become a growing concern to educators, community groups,īusinesses, government agencies, and policymakers. It is assisted by the Publications Department under the direction of Lucretia M. This committee is responsible for opinions expressedĮxcept in official statements and signed articles.
The Federal Reserve Bulletin is issued monthly under the direction of the staff publications committee. The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.īoard of Governors of the Federal Reserve System, Washington, D.C.
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