Financial Literacy Programs Targeted on Pre-School Children: Development and Evaluation
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07/05/13This report attempts to understand financial literacy education for young children, that is, the ability of pre-school aged children to grasp financial literacy concepts that may increase their and their parents' financial knowledge and improve financial decisions in later years. This study reviewed the cognitive development and capabilities of children at these ages to understand basic financial concepts. The goal of subsequent phases of this project is to develop and rigorously evaluate a financial literacy program for this age group that is consistent with children's cognitive development and their capabilities to grasp the basic financial concepts that are thought to underlie good financial decision making.
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