Corpus ID: 56252149

Financial knowledge of the low-income population: Effects of a financial education program

@article{Zhan2006FinancialKO,
  title={Financial knowledge of the low-income population: Effects of a financial education program},
  author={Min Zhan and S. Anderson and Jeff Scott},
  journal={Journal of Sociology and Social Welfare},
  year={2006},
  volume={33},
  pages={53-74}
}
This study examines the effects of one large financial management training program for low-income people. The data are from tests of pre- and post-training financial knowledge of 163 participants. The test was designed to measure basic knowledge of participants in five content areas: predatory lending practices, public and work-related benefits, banking practices, savings and investing strategies, and credit use and interest rates. The findings demonstrate that substantial pre-training… Expand

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