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UA Study: Financial Education Creates Positive ‘Snowball Effect’

*According to a UA study, cumulative education leads to more financial knowledge and more positive financial behaviors.*

New research from the University of Arizona shows that high school and college students who are exposed to cumulative financial education show an increase in financial knowledge, which in turn drives increasingly responsible financial behavior as they become young adults.

In fact, researchers at the UA Norton School of Family and Consumer Sciences documented a “snowball effect” that these early efforts exponentially increase the likelihood that students will pursue more financial education as time goes on, including informal learning through books, magazines and seminars. (more…)

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