Evaluating the effectiveness of financial education Until now, we have had a limited understanding of which methods work best with respect to financial education. For years, one of the correlates of higher scores on the JumpStart Financial Literacy test was participation in the Stock Market Game, an enrichment program offered in many schools.
The reasons for that are not hard to understand: a combination of automatic fiscal stabilisers as revenues declined when the major economies went into recession; discretionary stimulus measures to counteract the crisis impact; and in some cases, the costs of emergency public support to troubled financial institutions.