In the latest episode of the Innovative Payments Pod, Dr. Billy J. Hensley, the president and CEO of the National Endowment for Financial Education addresses the question of whether or not financial education works.
He talks about why financial education is an ongoing process and why we rely on a single course in high school to make people financially literate. People need a foundation that helps them make sense of financial information. Companies need to help by providing good information in an ongoing way.
This will help financial services providers develop a better customer base. Educated customers who build their resources and financial reserves will need more services.
You can learn more about NEFE and its work here: https://www.nefe.org/
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