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Volume 3, Issue 1, 2003   Federal Reserve Bank of Dallas

Get the Facts: Financial Literacy Makes Cents

"Financial Literacy: An Overview of Practice, Research, and Policy," in the November 2002 issue of the Federal Reserve Bulletin, discusses the concern that many consumers lack a working knowledge of financial concepts and the tools they need to make decisions advantageous to their economic well-being. The complex, specialized financial services marketplace requires consumers to be actively engaged if they are to manage their finances effectively. Informed participants help create a more competitive, more efficient market. Compelling consumer issues, such as predatory lending, high consumer debt and low saving rates, have added to the sense of urgency surrounding financial literacy. Read more PDF document

e-Perspectives, Volume 3, Issue 1, 2003

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    Nancy C. Vickrey
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Jackie Hoyer Send an e-mail
Houston Branch
Senior Community Development Advisor
    Diana Mendoza
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Karen Riley
Community Development Specialist
    Jason Sweat
Community Development Specialist
The views expressed are the authors' and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System. Articles may be reprinted on the condition that the source is credited and a copy is provided to the Community Development Office.

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