Financial Literacy Education: Personal Finance Advice from Wharton Professor Wendy De La Rosa

Knowledge at Wharton

  • Apr 28, 2023
  • 11:07
  • Full Episode

Wendy De La Rosa, Wharton Marketing Professor, joins Wharton Business Daily host Dan Loney to talk about her research on financial literacy, personal finance education and interventions. She shares that for financial education programs in K-12 schools are best when education is coupled with experiential learning. She also discusses the importance of just in time financial interventions, where the intervention comes up at a time where people can take the action recommended.

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Brief Summary

Wendy De la Rosa discusses financial literacy, its challenges, and strategies for improving consumer financial behavior.

Key points

  • The Challenge of Financial Literacy. Wendy De la Rosa discusses the bleak impact of financial education on behaviors.
  • Taking a Personal Finance Health Day. Wendy suggests blocking out time to focus on financial health.
  • The Importance of Actionable Knowledge. Wendy emphasizes the need for just-in-time interventions in financial education.

Tension

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