and skills needed to make choices w

and skills needed to make choices within a financial marketplace that all consumers face regardless of their particular characteristics. This may appear to be a one-size-fits-all approach to financial literacy measurement, but reflects the reality that all individuals make choices between standard financial products and services. Financial literacy education, which is aimed at improving a person’s level of knowledge and/or ability, can and should be tailored to suit different demographics, life stages and learning styles—certainly not as a one-size-fits-all approach. Thus, it is important to clearly differentiate financial literacy from financial literacy education. A successful measure of financial literacy will improve a researcher’s ability to distinguish when a deficiency in financial literacy may be responsible for welfare-reducing financial choices and will allow educators to identify education to achieve a desired outcome. Another important consequence of an instrument that effectively measures financial literacy is that researchers are better able to identify what outcomes are most impacted by a lack of financial knowledge and skill. If, for example, financial literacy is strongly associated with the use of alternative borrowing products such as payday loans, then education efforts that improve literacy among this population may lead to changes in behavior. On the other hand, if financial literacy within a population of resourceconstrained households with uncertain income and expenses does not independently predict use of these products, then education may be less effective than other forms of intervention.

Hasil (Inggris) 1:

and skills needed to make choices within a financial marketplace that all consumers face regardless of their particular characteristics. This may appear to be a one-size-fits-all approach to financial literacy measurement, but reflects the reality that all individuals make choices between standard financial products and services. Financial literacy education, which is aimed at improving a person's level of knowledge and/or ability, can and should be tailored to suit different demographics, life stages and learning styles — certainly not as a one-size-fits-all approach. Thus, it is important to clearly differentiate financial literacy from financial literacy education. A successful measure of financial literacy will improve a researcher's ability to distinguish when a deficiency in financial literacy may be responsible for welfare-reducing financial assistance and will allow educators to identify education to achieve a desired learning outcomes. Another important consequence of an instrument that effectively measures financial literacy is that researchers are better able to identify what outcomes are most impacted by a lack of financial knowledge and skill. If, for example, financial literacy is strongly associated with the use of alternative borrowing products such as payday loans, then education efforts that improve literacy among this population may lead to changes in behavior. On the other hand, if financial literacy within a population of resourceconstrained households with uncertain income and expenses does not independently predict use of these products, then education may be less effective than other forms of intervention.

Hasil (Inggris) 2:

and skills needed to a make choices within a fi nancial marketplace that all consumers face Regardless of Reviews their particular characteristics. This may Appear to be a one-Size- fi ts-all approach to fi nancial literacy measurement, but re fl ECTS the reality that all individuals of make choices between standard fi nancial products and services. Financial literacy education, the which is Aimed at improving a person's level of knowledge and / or ability, can and should be tailored to suit different demographics, life stages and learning styles-certainly not as a one-Size- fi ts-all approach. Tus, it is important to differentiate Cleary fi nancial literacy from fi nancial literacy education. A successful measure of fi nancial literacy will improve a researcher's ability to extinguishing when a de fi ciency in fi nancial literacy may be responsible for the welfare-reducing fi nancial choices and will allow educators to identify education to Achieve a desired outcome. Another important consequence of an instrument that measures Effectively fi nancial literacy is that Researchers are better-able to identify what outcomes are most impacted by a lack of fi nancial knowledge and skill. If, for example, fi nancial literacy is strongly associated with the use of alternative borrowing products such as payday loans, then that improve literacy education Efforts Among this population may lead to changes in behavior. On the other hand, if fi nancial literacy within a population of resourceconstrained Households with uncertain income and expenses does not Independently Predict use of Reviews These products, then education may be less effective than other forms of intervention.