Potential and pitfalls of applying theory to the practice of financial education

Angela Christine Lyons, Urvi Neelakantan

Research output: Contribution to journalArticle

Abstract

Researchers are increasingly using interdisciplinary theory to bring rigor to the practice of financial education. Practitioners often do not see the value of the theory because it does not coincide with their observations of how people behave, and researchers do not yet have enough experience with interdisciplinary theory to demonstrate its usefulness to practitioners. If carefully applied, theory can be used to set appropriate financial goals and to positively change consumers' financial behaviors. Better communication can bridge the gap between theory and practice to the benefit of the consumer.

Original languageEnglish (US)
Pages (from-to)106-112
Number of pages7
JournalJournal of Consumer Affairs
Volume42
Issue number1
DOIs
StatePublished - Mar 1 2008

ASJC Scopus subject areas

  • Sociology and Political Science
  • Economics, Econometrics and Finance(all)

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