Financial Education and Timely Decision Support: Lessons from Junior Achievement

摘要: Using data from a finance theme park at Junior Achievement of Southern California, we explore how timely decision support is impacted by previous exposure to financial education. Some students received 19-hour curriculum before participating, and some did not. Trained were more frugal, paid off debt faster, relied less on credit financing. However, trained purchased comprehensive health insurance, exposing themselves greater risk wealth volatility. This disparity can be explained differences in within the park. As such, it appears that education should considered complements, not substitutes.