6 October 2016 NEWSLETTER GFLEC
The Effect of Financial Education on the Quality of Decision Making GFLEC Cohosts Release of the National Financial Capability Study 4th IFFM Annual Meeting Held in Mexico City
We have a new version of the paper coauthored with B. Douglas Bernheim and Sandro Ambuehl of Stanford. The paper introduces a new method for measuring the quality of financial decision making and uses it to analyze the effects of a financial education intervention concerning compound interest. GFLEC and the FINRA Investor Education Foundation jointly released the FINRA Foundation’s third wave of the US National Financial Capability Study on July 12, 2016, at the George Washington University. Policy makers and regulators unveiled the survey results and stressed the importance of using the findings to guide policy and programs. As cofounder of the International Federation of Finance Museums, GFLEC was delighted to participate in its 4th annual meeting. Director Lusardi presented our gender gap research, which served as a basis for a toolkit released at the event. Lusardi also discussed the Financial Literacy Manifesto and its call to action.