Promoting Sustainable Financial Behavior. Implications for Education and Research
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12/26/12The current financial crisis has clearly shown that national financial health is strongly tied to the household financial well-being, and that most consumers were not well equipped with knowledge they needed to cope with this crisis. The failure of markets, institutions, businesses and households during the current financial crisis also revealed the serious economic risks posed by widespread unethical and irresponsible behavior. The focus of this paper is to explore how, through financial education, we can improve the economic performance of individuals in the economy, both for their own well-being and for the well-being of society at large.