Advancing Financial Literacy Education Using a Framework for Evaluation

Abstract

This chapter provides an overview of a wide range of financial evaluation initiatives aimed at improving Americans’ financial literacy. The chapter reviews the current program evaluation evidence and highlights challenges faced by providers of financial education programs as they evaluate program effectiveness. The chapter describes and outlines Jacobs’ five-tiered approach to program evaluation, a comprehensive framework for evaluation that can provide guidance for those currently or planning to deliver a financial education program.