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Increasing Financial Aspirations to Improve Financial Decision-Making and Outcomes in the Philippines

David McKenzie
Aakash Mohpal
Researchers conducted a randomized evaluation to test whether encouraging entrepreneurs to raise their aspirations helped them improve their financial decisions and outcomes. The aspirations training led individuals to set higher savings goals, but most participants failed to achieve their goals.

School-Based Financial Education for Improved Financial Decision-Making and Academic Performance among Youth in Ghana

In southern and eastern Ghana, researchers evaluated two youth financial literacy programs to test their impact on savings, labor, academic performance, and financial decision-making. One program integrated financial and social education, while the second only offered financial education. Both...