Is Financial Education in Canada Working? Research and recommended best practices for evaluating financial education programs

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Table of Contents

About the Author / Author Acknowledgements

Executive Summary

Section I: The Evaluating Challenge

• Financial literacy and evaluation
• The challenge
• The opportunity
• Purpose of this report and methodology
• What is evaluation?
• This report and the OECD framework

Section II: Financial Education and Evaluation in Canada: Where are we? Where do we want to be?

• Building on the framework for Canada
• Financial education in Canada
• Evaluation – Where we are and where we want to be
• Key findings
• What we offer and to whom?
• Evaluation gaps and challenges
• Longitudinal measurement
• Where do we want to be? Providers’ wish list
• What is stopping us from getting there?

Section III: How can a framework help?

• Building on O’Connell
• Reframing the steps
• Revising the framework
• Creating a learning circle
• Recommendations
  
  • Using a framework of best practices at the FCAC
  • Sharing evaluation best practices in Canada

Appendix A – Alison O’Connell’s FEE Framework

Appendix B – Sample evaluation worksheet from Centre for Economic and Financial Education

Appendix C – Key informant interviews

References