It is also important to devise ways to ascertain whether financial education has achieved its objective, such as generating increased consumer awareness or a changed behaviour, a point I will return to a little later. The balance of evidence, however, suggests that such programmes tend to be effective.
For instance, in the United States, it has been observed that workers increase their participation in retirement savings plans funded by employee and employer contributions when the latter offers financial education programmes, whether in the form of brochures or seminars. Consumers who attend one-on-one counselling sessions on their personal finances have fewer delinquencies.