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What is Financial Education about?

This paper investigates the relationship between financial education, affective and cognitive financial knowledge, and financial behaviors using data from the 2018 National Financial Capability Study. It finds that participation in financial education significantly enhances both cognitive and affective financial knowledge, which in turn positively influences long-term financial behaviors, particularly among young adults, Blacks, Hispanics, and women. The study emphasizes the importance of integrating both a

Author

Christian

Language

EN