This topic area focuses on the effectiveness of interventions designed to help equip adults to plan for and succeed in preparing for retirement and to increase general financial literacy knowledge to improve money management. CLEAR conducted a systematic evidence review on the topic, assessed the quality of the causal evidence, and summarized each study’s approach, findings, and elements of the intervention examined.
Financial Literacy
Status: Literature reviewed in this topic area currently covers 2008 - 2022.
Recently Added
CLEAR searches the existing literature for research relevant to this topic area's focus. Browse the most recently reviewed research below.
Displaying 1 - 10 of 57
Study Type: Causal Impact Analysis
The study's objective was to examine the impact of four types of information about payday loans on future borrowing behavior. The study was a randomized controlled trial that assigned payday…The impacts of mandatory financial education: Evidence from a randomized field study (Collins, 2013)
Study Type: Causal Impact Analysis
The purpose of the study was to examine the impact of a financial education course on financial behaviors. The study was a randomized controlled trial that assigned participants to either the…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of the Five Steps program provided in three different formats (video, written narrative, video and narrative) on financial literacy knowledge for…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of the Five Steps program provided in three different formats (video, written narrative, video and narrative) on financial literacy knowledge for…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of the Five Steps program provided in three different formats (video, written narrative, video and narrative) on financial literacy knowledge for…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of the Nuestro Barrio Telenovela on financial knowledge. The study used a nonexperimental design to compare the financial knowledge of Spanish-…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of the Dollar Works 2 curriculum on financial literacy. The authors used a nonexperimental design to compare the outcomes of individuals who…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of a financial education course on financial knowledge and behaviors for homeless families.The study was a randomized controlled trial that assigned…Study Type: Causal Impact Analysis
The study's objective was to examine the impact of the Sharpen Your Financial Focus (Sharpen) program on financial behaviors. The study used a difference-in-difference design to compare the outcomes…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of a demonstration program on financial literacy knowledge and behaviors. The study was a randomized controlled trial. Using telephone survey data, the…
CLEAR Icon Key
Below is a key for icons used to indicate important details about a study, such as its type, evidence rating, and outcome findings.
High Causal Evidence
Strong evidence the effects are caused by the examined intervention.
Moderate Causal Evidence
Evidence that the effects are caused to some degree by the examined intervention.
Low Causal Evidence
Little evidence that the effects are caused by the examined intervention.
Causal Impact Analysis
Uses quantitative methods to assess the effectiveness of a program, policy, or intervention.
Descriptive Analysis
Describes a program, policy, or intervention using qualitative or quantitative methods.
Implementation Analysis
Examines the implementation of a program, policy, or intervention.
Favorable
The study found at least one favorable impact in the outcome domain, and no unfavorable impacts.
Mixed
The study found some favorable and some unfavorable impacts in the outcome domain.
None
The study found no statistically significant impacts in the outcome domain.
Unfavorable
The study found at least one unfavorable impact in the outcome domain, and no favorable impacts.
Not applicable
Not applicable because no outcomes were examined in the outcome domain.
Favorable - low evidence
The study found at least one favorable impact in the outcome domain, and no unfavorable impacts. The study received a low causal evidence ratings so these findings should be interpreted with caution.
Mixed - low evidence
The study found some favorable and some unfavorable impacts in the outcome domain. The study received a low causal evidence ratings so these findings should be interpreted with caution.
None - low evidence
The study found no statistically significant impacts in the outcome domain. The study received a low causal evidence ratings so these findings should be interpreted with caution.
Unfavorable - low evidence
The study found at least one unfavorable impact in the outcome domain, and no favorable impacts. The study received a low causal evidence ratings so these findings should be interpreted with caution.