SOCIAL WORK AND MANAGEMENT ›› 2023, Vol. 23 ›› Issue (1): 43-52.

• SHEHUI GONGZUO • Previous Articles    

Easier Said than Done: A Systematic Review of School-Based Financial Education Projects

ZHANG Junan, LIU Dong, YAO Yufei   

  1. College of Humanities and Law, Shanghai Business School, Shanghai, 201400, China
  • Received:2022-04-08 Published:2023-01-10

Abstract: As a major impetus for modern economic development, finance boosts economic growth while producing a myriad of economic risks. School-based financial education can provide basic financial knowledge, guidelines on financial behavior and foster an excellent financial attitude, thus strengthening individuals’ ability to make the best financial decisions in the future. Therefore, it is regarded as an effective way to improve citizens’ financial literacy. This study conducts a systematic review of 15 intervention projects in terms of children and adolescents’ financial education, of which the contents include researches on financial education application in enriching financial knowledge and improving financial behavior, analyses on key features of the efficient education curriculum design, and discussions on how financial social workers can apply this evidence-based research to the intervention projects in the future. The findings are as follows: Firstly, school-based financial education projects can effectively facilitate adolescents’ financial knowledge and behavior. Secondly, these projects exert a relatively slight impact on children and adolescents’ actual financial behavior. Finally, “experiential learning,” normalized curriculum and teacher training, and home-school integration projects can effectively promote the financial literacy of children and adolescents in primary and secondary school.

Key words: school-based financial education, financial knowledge, financial behavior, financial attitude

CLC Number: 

  • C916
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