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.
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…Study Type: Causal Impact Analysis
The study's objective was to examine the impact of the Personal Financial Management Course (PFMC) on financial behaviors. The study used a difference-in-differences design to compare outcomes…Study Type: Causal Impact Analysis
The study's objective was to examine the impact of a workplace financial education program on financial knowledge. The study used a nonexperimental design to compare the outcomes of employees…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of the Get Checking program on financial management behaviors and account usage. The study used an interrupted time series design. Using survey…Study Type: Causal Impact Analysis
The study's objective was to examine the impact of an online financial education module on financial knowledge. This profile focuses on the comparison between the intensive intervention group and the…Study Type: Causal Impact Analysis
The study's objective was to examine the impact of an online financial education module on financial knowledge. This profile focuses on the comparison between the intensive intervention group and the…Study Type: Causal Impact Analysis
The study's objective was to examine the impact of an online financial education module on financial knowledge. This profile focuses on the comparison between the less intensive intervention group…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of participation in an Individual Development Accounts (IDA) program on savings for individuals living in poverty. The study used a matched…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of the American Dream Demonstration (ADD) on retirement savings contributions. 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 Solid Finances in Montana program on financial knowledge and behaviors. The study used an interrupted time series design. Using survey data…
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.