This new study, conducted with 161 GW students, shows that financial education combined with interactive tools and real-world simulations can improve confidence and shape stronger personal financial behaviors. While the study included only a short, half-day workshop, we found that by integrating tailored content with a dynamic tool, students realized meaningful improvements in their confidence and preparedness in money matters.” “This study helps provide insights into effective financial education. "Young adults today face more complex financial decisions than ever before and need to be financially literate in order to fully participate in society,” said Annamaria Lusardi, Founder and Academic Director of GFLEC and University Professor at GW. Many educational institutions struggle to implement personal finance courses into their curriculum and many of those that do find a lack of student engagement. Financial education can effectively prepare students for their financial lives, equipping them to build greater financial resilience, better manage debt and achieve more wealth in retirement. Many students today leave school and enter the work world without having attained even basic levels of financial literacy. 10, 2021) – A new report from the Global Financial Literacy Excellence Center at the George Washington University School of Business and Intuit, the global financial management platform, offers findings that can help educators better create effective financial education programs.
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