We don’t need no education: How feedback trumps financial education in improving financial capability

Crawford Hollingworth and Liz Barker

Discusses the difficulties in achieving financial capability, the failure of education to help ease this and how providing feedback is a markedly better way to help tackle this problem.

Why financial education does not improve our financial literacy and capability

Our financial capability - being in control of managing our money - is crucial to our financial health. Without it, we may struggle to pay off debts, pay bills on time, buy a house, set aside savings for unexpected emergencies, or save for our future. Yet, achieving financial capability is difficult. Basic financial literacy and numeracy skills can go some way to solving the problem, but it's not immediately clear how best to achieve this as financial education seems to have little impact on financial capability. It doesn't help...

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