Impacts of financial education on the reduction of economic vulnerability of low income elderly

Abstract

This paper reports the implementation and evaluation of the financial education program for adults "I and my retirement-organizing the financial life" and its effects on the reduction of the economic vulnerability of low income elderly in Palmas-TO. The evaluation method used was the Propensity Score Matching with Differences in Differences econometric model considering the effects of the program on the financial health of the elderly. The results pointed to the positive effect of the program in all dimensions surveyed: monthly income spent on food, health, housing, water and electricity; savings (72%); ability to make financial decisions (14%); debt knowledge (30%) and reduction of overdue accounts after intervention (50%).