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Does State-Mandated Financial Education Affect High-Cost Borrowing?

Title:
Does State-Mandated Financial Education Affect High-Cost Borrowing?
Summary:

Young adults who are required to take personal finance courses in high school are significantly less likely to borrow payday loans than their peers who do not have such as requirement. This study adds to our growing understanding of how personal finance mandates shape our financial decisions.

Type: PDF
Size: 125.28 KB
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