Finally, if there are effects, it is important to know whether they are lasting. Providing financial education to schoolchildren is pointless unless their adult behaviour changes. Questionnaires administered immediately after a lesson cannot address the key issue. Fortunately, there are a few studies sufficiently well designed to minimise these problems. All find evidence that the effects of financial education on behaviour are positive but modest. Unfortunately, all the studies relate to the US. There is no particular reason to think the effect on UK consumers would be different, but there do not appear to be comparable studies. 6 The first set of studies.
