Treasury Department recommends ‘mandatory’ financial-literacy courses for college students

[ucbalumnus]

https://www.researchgate.net/publication/259763070_Financial_Literacy_Financial_Education_and_Downstream_Financial_Behaviors says the following:

@Fernandes

We conduct a meta-analysis of the relationship of financial literacy and of financial education to financial behaviors in 168 papers covering 201 prior studies. We find that interventions to improve financial literacy explain only 0.1% of the variance in financial behaviors studied, with weaker effects in low-income samples. […] We suggest a real but narrower role for “just-in-time” financial education tied to specific behaviors it intends to help.