Financial Literacy Education

1. Front Matter

   Pages i-xii

   PDF

2. Introduction

   • Asta Zokaityte

   Pages 1-23

3. Consumer Financial Education as a Novel Edu-Regulatory Technique

   • Asta Zokaityte

   Pages 25-69

4. Pension Privatisation and the Emergence of the Financial Education Project in the UK

   • Asta Zokaityte

   Pages 71-112

5. A Financial Literacy Indicator—Measuring Consumer Financial Knowledge, Skills and Attitudes to Money

   • Asta Zokaityte

   Pages 113-152

6. Personal Finance Education at English Schools

   • Asta Zokaityte

   Pages 153-189

7. Edu-Regulating Consumers Through Access to Financial Advice

   • Asta Zokaityte

   Pages 191-236

8. Financial Crisis and the Money Guidance Service: Building Consumer Financial Resilience

   • Asta Zokaityte

   Pages 237-274

9. Conclusion

   • Asta Zokaityte

   Pages 275-287

10. Back Matter

    Pages 289-303

    PDF

This book explores the issue of consumer financial education, responding to increased interest in, and calls to improve peoples’ financial literacy skills and abilities to understand and manage their money. New conceptual frameworks introduced in the book offer academic audiences an innovative way of thinking about the project on financial literacy education. Using the concepts of ‘edu-regulation’ and ‘financial knowledge democratisation’ to analyse the financial education project in the UK, the book exposes serious, and often ignored, limitations to using information and education as tools for consumer protection. It challenges the mainstream representation of financial literacy education as a viable solution to consumer financial exclusion and poverty. Instead, it argues that the project on financial literacy education fails to acknowledge important dependences between consumer financial behaviour and the socio-economic, political, and cultural context within which consumers live. Finally, it reveals how these international and national calls for ever greater financial education oversimplify and underestimate the complexity of consumer financial decision-making in our modern times.

• Consumer
• Regulation
• Money management
• Personal finance
• Consumer behaviour
• UK
• Pension privatisation
• Financial knowledge
• Financial advice
• United Kingdom

• University of Kent, Canterbury, United Kingdom

  Asta Zokaityte

Asta Zokaityte, PhD, is a lecturer at Kent Law School, UK, where she teaches commercial law. Her research interests lie in the areas of financial services regulation, consumer protection, law and development, gender, and socio-legal studies. She has years of professional legal experience having worked as a lawyer in Lithuania, where she advised corporate clients across different fields of practice, including but not limited to: consumer credit, capital markets and securities law, corporate restructuring and insolvency. Asta Zokaityte has published her work in international journals.

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