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Does Experiential Learning Add Value In Financial Literacy Education: A Qualitative Investigation, Abra Akers Endsley
Does Experiential Learning Add Value In Financial Literacy Education: A Qualitative Investigation, Abra Akers Endsley
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According to Marketwatch.com the lack of financial literacy among U.S. citizens has cost upwards of $200 billion over the last twenty years. Besides racking up student loan debt that averaged about $37,172 per student in 2016 (Marketwatch.com) millennials and those in Generation Z are also the most likely to engage in risky financial behaviors like payday loans, pawnshops and tax refund advances (PwC, 2016; Mottolla, 2014). Being financially vulnerable as young adults compounded with today’s increasingly complex financial environment (Batty et al., 2015), make fertile ground for mistakes that have lifelong impact.
Over the last 20 years, much has been …