A survey by the Federal Reserve Bank of Cleveland reported that: “Unfortunately, we do not find conclusive evidence that, in general, financial education programmes do lead to greater financial knowledge and ultimately to better financial behaviour.” So, is financial education programme a failure? Certainly not.
The purpose of education is to teach people to deal with financial decisions more intelligently and with greater sense of confidence. •  make it interesting  •  make it instructive  •  make it relevant to the age and income group  Summary and conclusion 25.