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A Review of Effectiveness Evidence in the Financial‐Helping Fields.

Authors :
Dew, Jeffrey
Dean, Luke
Duncan, Stephen F.
Britt‐Lutter, Sonya
Source :
Family Relations; Jul2020, Vol. 69 Issue 3, p614-627, 14p
Publication Year :
2020

Abstract

Objective: We reviewed the literature on four financial‐helping fields—the family resource management content area of family life education, financial education, personal financial planning, and financial counseling—in search of best evidence‐based practices when working with individuals and families concerning issues related to money. Method: Experts in each field of the financial helping professions reviewed common practices in their own field and identified best practices when possible. Results: Although we found that reviews of financial education outcome research exist, researchers and practitioners have made few attempts to examine best practices in these fields; most of the practices that professionals use in these four fields have not been empirically tested for effectiveness. Consequently, we provide a general overview of common practices within the four fields. Implications: We implore practitioners and researchers to undertake evaluation research as a means to decipher what works, for whom it works, and to what extent it works. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
01976664
Volume :
69
Issue :
3
Database :
Complementary Index
Journal :
Family Relations
Publication Type :
Academic Journal
Accession number :
143678253
Full Text :
https://doi.org/10.1111/fare.12445