Financial literacy and financial education are not new topics, even though interest in these topics among policymakers, financial authorities, and academics continues to grow. The Routledge Handbook of Financial Literacy provides a comprehensive reference work that addresses both research perspectives and practical applications to financial education. This is the first volume to summarize the milestones of research in financial literacy from multiple perspectives to offer an overview.

The book is organized into six parts. The first three parts provide a conceptual framework, which discusses what financial literacy is, how it should be measured, and explains why it represents a relevant topic and effective tool in enhancing decision-making among consumers as well as consumer protection strategies. Part IV addresses the connection between financial education and financial literacy, with chapters about financial education in school settings as well as for adults. This part includes an analysis of the role of Fintech and the use of gamification in financial education. Part V is a collection of contributions that analyze financial literacy and financial education around the world, with a focus on geographical areas including the U.S., South America, Western Europe, Eastern Europe, Asia, and Africa. This part also considers how financial literacy should be addressed in the case of Islamic finance. The concluding part of the book examines how financial literacy is related to other possible approaches to consumer finance and consumer protection, addressing the relationships between financial literacy and behavioral economics, financial well-being, and financial inclusion.

This volume is an indispensable reference for scholars who are new to the topic, including undergraduate and graduate students, and for experienced researchers who wish to enrich their knowledge, policymakers seeking a broader understanding and an international perspective, and practitioners who seek knowledge of best practices as well as innovative approaches.

chapter |2 pages


ByGianni Nicolini, Brenda J. Cude

part I|74 pages

What is financial literacy?

chapter 1|13 pages

Defining financial literacy

ByBrenda J. Cude

chapter 2|13 pages

Financial literacy among children

Supporting the achievement of financial well-being in adulthood
ByAnita I. Drever, Nicole M. Else-Quest

chapter 3|17 pages

Financial literacy among young adults

ByJoyce Serido

chapter 4|13 pages

Financial literacy among older adults

ByShinae L. Choi, Brenda J. Cude

chapter 5|16 pages

A multidimensional approach to defining and measuring financial literacy in the digital age

ByAngela C. Lyons, Josephine Kass-Hanna

part II|57 pages

Measuring financial literacy

chapter 6|17 pages

Measuring financial literacy

The role of knowledge, skills, and attitudes
ByMarlene Haupt

chapter 7|14 pages

Financial literacy and numeracy

ByElisa Darriet, Marianne Guille, Jean-Christophe Vergnaud

chapter 8|14 pages

Assessment methodologies in financial literacy

Best practices and guidelines
ByGianni Nicolini

chapter 9|10 pages

Customizing financial literacy

ByGianni Nicolini

part III|36 pages

Relevance and effectiveness of financial literacy

chapter 10|16 pages

Now more than ever

Why financial literacy is a key element of post-COVID-19 recovery
ByElsa Fornero, Anna Lo Prete, Noemi Oggero

chapter 11|18 pages

The likely influence of financial literacy on financial behaviors

ByWilliam B. Walstad, Sam Allgood

part IV|122 pages

Improving financial literacy

chapter 12|14 pages

Overview of financial education

BySuzanne Bartholomae, Jonathan J. Fox

chapter 13|17 pages

Financial education in schools

ByRobin Henager, M.J. Kabaci

chapter 14|19 pages

Financial education for adults

Effective practices and some recommendations
BySuzanne Bartholomae, D. Elizabeth Kiss, Maria Pippidis

chapter 15|16 pages

Financial education in human trafficking interventions

Implications for research, programming, and policy
ByDavid Okech, Claire Bolton, Elyssa Schroeder

chapter 16|20 pages

Fintech, financial literacy, and financial education

ByPeter J. Morgan

chapter 17|15 pages

Education or entertainment?

On the potential of games in financial education
ByPanu Kalmi, Tanja Sihvonen

chapter 18|19 pages

Alternatives to financial education

ByLauren E. Willis

part V|161 pages

Financial literacy and financial education around the world

chapter 19|15 pages

Financial literacy and financial education in the United States

ByBrenda J. Cude

chapter 20|14 pages

Financial literacy and financial education in Canada

ByJodi Letkiewicz

chapter 21|20 pages

Financial literacy and financial education in Central America and the Caribbean

ByDonna E. Danns, George K. Danns

chapter 22|19 pages

Financial literacy and financial education in South America

ByCristina Carrillo Rivero

chapter 23|19 pages

Financial literacy and financial education in Western Europe

ByLuc Arrondel, Marlene Haupt, María Jesús Mancebón, Gianni Nicolini, Manuel Wälti, Jasmira Wiersma

chapter 24|18 pages

Financial literacy and financial education in Northern Europe

ByAnu Raijas

chapter 25|20 pages

Financial literacy and financial education in Eastern Europe

ByAndrzej Cwynar

chapter 26|18 pages

Financial literacy and financial education in Africa

BySophia T. Anong, Judith Aboagye, Jaeyong Yoo

chapter 27|16 pages

Financial literacy and financial education in Asia

ByJing Jian Xiao

chapter 28|16 pages

Financial literacy and financial education in Australia and New Zealand

ByAndrew C. Worthington, Tracey West

chapter 29|16 pages

Financial Literacy, Financial Education, and Islamic Finance

ByAndrew C. Worthington, Ainulashikin Marzuki

part VI|44 pages

Beyond financial literacy

chapter 30|16 pages

Financial literacy and behavioral economics

Knowledge, nudging, and the psychology of decision-making
ByVera Rita de Mello Ferreira

chapter 31|12 pages

Financial literacy and financial well-being

ByDee Warmath

chapter 32|14 pages

The relationship between financial literacy and financial inclusion

ByAntonia Grohmann, Lukas Menkhoff