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 41 - 43 of 43
Study Type: Causal Impact Analysis
The study’s objective was to determine the impact of an education flyer on employees’ decisions to participate in their company's 401(k) plan. The study was a randomized controlled trial…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of the Asset Formation Initiative’s financial education program on financial behaviors. The study used an interrupted time series design to compare…Study Type: Causal Impact Analysis
The study’s objective was to examine the impact of a savings and financial counseling program on financial behaviors. This summary focuses on the comparison between participants in the financial…
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.