Financial Literacy Education Program Post Financial Housing Crisis

2021 ◽  
pp. 504-517
Author(s):  
Shanel Lu
Keyword(s):  
Financial Institutions ◽  
Education Program ◽  
Financial Literacy ◽  
Underserved Populations ◽  
Literacy Education ◽  
Financial Hardship ◽  
Housing Crisis ◽  
Ghost Towns ◽  
Will Force ◽  
Financial Recovery

As Americans faced financial devastation resulting from the 2008 housing financial crisis, left them in a critical financial hardship. Many affluent suburban neighborhoods now resembled desolate ghost towns as families abandon homes in the middle of the night to avoid ugly snares and embarrassment (Bradford, 2011). Homeowners that once lived in upper middle-class communities achieving the American dream faced the horrifying reality of facing foreclosure, bankruptcies that will force themselves into financial ruin (Bradford, 2011). As a result of the financial housing crisis, 6.9 million homeowners faced mortgage delinquency causing financial institutions to begin foreclosure proceedings (Bradford, 2011; Crotty, 2009). This research focuses on the background to the problem, the underserved populations that were deeply impacted by the financial housing crisis and financial literacy education program that can assist the community toward financial recovery.

Financial Literacy Education Program Post Financial Housing Crisis

2018 ◽  
pp. 49-66
Author(s):  
Shanel Lu
Keyword(s):  
Financial Institutions ◽  
Education Program ◽  
Financial Literacy ◽  
Underserved Populations ◽  
Literacy Education ◽  
Financial Hardship ◽  
Housing Crisis ◽  
Ghost Towns ◽  
Will Force ◽  
Financial Recovery

As Americans faced financial devastation resulting from the 2008 housing financial crisis, left them in a critical financial hardship. Many affluent suburban neighborhoods now resembled desolate ghost towns as families abandon homes in the middle of the night to avoid ugly snares and embarrassment (Bradford, 2011). Homeowners that once lived in upper middle-class communities achieving the American dream faced the horrifying reality of facing foreclosure, bankruptcies that will force themselves into financial ruin (Bradford, 2011). As a result of the financial housing crisis, 6.9 million homeowners faced mortgage delinquency causing financial institutions to begin foreclosure proceedings (Bradford, 2011; Crotty, 2009). This research focuses on the background to the problem, the underserved populations that were deeply impacted by the financial housing crisis and financial literacy education program that can assist the community toward financial recovery.

Akselerasi Program Edukasi Keuangan Melalui Kolaborasi Bank Indonesia, Lembaga Keuangan, Dan Perguruan Tinggi

2015 ◽  
Vol 2 (2) ◽  
pp. 95-113
Author(s):  
I Wayan Nuka Lantara ◽  
Ni Ketut Rai Kartini
Keyword(s):  
Central Bank ◽  
Financial Institutions ◽  
Education Program ◽  
Financial Services ◽  
Energy Resource ◽  
Financial Education ◽  
Literacy Education ◽  
Positive Perception ◽  
Education Programs ◽  
Financial Products

This study aims to investigate the possibility of acceleration of financial education programs in Indonesia, through the collaboration of the three main parties, namely: (1) the regulator (Central Bank/Financial Services Authority); (2) the practitioner (financial institutions); and (3) the academia (universities). The study employed a qualitative approach to assess the opinions of the stakeholders in the Gadjah Mada University and related financial practitioners regarding accelerated implementation of financial education programs in Indonesia, which involved interviews with 24 informants who were considered to have knowledge about the financial education program in Indonesia. The study concluded that the respondents showed a positive perception on the importance and benefits of financial education programs in Indonesia. Other findings depicted that financial education programs need to be directed at the entire community with a wider coverage range. To expedite the process, a solid collaboration needs to be made between the three main parties: (1) Central Bank/ Financial Services Authority as regulator; (2) financial institutions (practitioners and providers of financial products and services); and (3) academia (universities). In terms of the implementation of the proposed program, the collaboration of all three parties need to be directed to the selected students who will firstly be prepared to be a financial educator (by giving knowledge, education and mentoring). Selected and well-trained students are expected to be effective educator who has energy resource availability in large quantities and a more mobile and larger coverage to accelerate financial education program in Indonesia.Keywords: literacy, education, financial inclution

Financial Literacy Education Through Fiqh Mu'āmalāt Learning

2019 ◽  
Author(s):  
Adib Rifqi Setiawan
Keyword(s):  
Research And Development ◽  
Financial Literacy ◽  
Lesson Plan ◽  
Literacy Education ◽  
Assessment Instrument ◽  
Learning Program ◽  
Development Study

The goal of this research and development study is to gain the design for financial literacy education through fiqh mu’āmalāt learning program. It was gained a syllabus that completed by lesson plan, student worksheets, nor assessment instrument as well, that validated by experts and practitioners and reliability counted based on test.

The Two Spectacular Achievements of CFPTRW, Banasthali Vidyapith in Financial Literacy Education in India

2015 ◽  
Author(s):  
Harsh Purohit ◽  
Nidhi Choudhary ◽  
Divya Mehta ◽  
Parul Tyagi ◽  
Monika Dwivedi
Keyword(s):  
Financial Literacy ◽  
Literacy Education ◽  
Education In India

Can Financial Literacy Education Reduce the Use of Medicaid and SNAP?

2020 ◽  
Author(s):  
Abdullah A. Al-Bahrani ◽  
Darshak Patel ◽  
Jamie Weathers
Keyword(s):  
Financial Literacy ◽  
Literacy Education

scholarly journals The Case for the Need for Personal Financial Literacy Education in Botswana Secondary Schools

SAGE Open ◽  
2018 ◽  
Vol 8 (1) ◽  
pp. 215824401775386 ◽  
Author(s):  
Gosaitse E. Solomon ◽  
Trust Nhete ◽  
Burman M. Sithole
Keyword(s):  
Secondary Schools ◽  
Financial Literacy ◽  
Literacy Education

Exploring the antecedents of retail banks’ reputation in low-bankarization markets: brand equity, value co-creation and brand experience

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Luís Daniel Martillo Jeremías ◽  
Ana Isabel Polo Peña
Keyword(s):  
Financial Institutions ◽  
Brand Equity ◽  
Low Income ◽  
Financial Literacy ◽  
Structural Equation ◽  
Banking Sector ◽  
Retail Banking ◽  
Equation Modeling ◽  
Brand Experience ◽  
Content Type

PurposeThe present study aims to propose and validate a model to measure certain variables that may contribute to increasing the bankarization rate (uptake of retail banking services) among developing-economy populations characterized by poor financial literacy and low income levels.Design/methodology/approachA quantitative empirical study is carried out in the retail banking sector of a country with low-bankarization rates. Using a self-administered questionnaire distributed online, structural equation modeling is applied to analyze the relationships between value co-creation, brand experience, brand equity and reputation.FindingsThe results show that brand equity is an antecedent of reputation that values co-creation, and brand experience positively influences brand equity and that values co-creation that positively influences brand experience.Social implicationsThe bankarization rate of a developing country is generally taken as an indicator of the socioeconomic wellbeing of its population. Where there is a low-bankarization rate, this renders it more difficult for financial institutions to build their reputation to attract new customers and retain existing ones. Strategies are, therefore, proposed to improve the reputation of financial institutions in such settings and, thus, contribute to increasing the bankarization rate.Originality/valueThe findings of this study provide an original perspective that offers a deeper understanding of the mechanisms that enable banks operating in low-bankarization markets to enhance their reputation through strategies based on customer–company interaction and branding (with the variables of brand equity, brand experience and value co-creation).

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