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Book Sections Year : 2020

Financial literacy education. A Questionable Answer to the Financialization of Everyday Life

Abstract

Since the end of the 1990s, the idea that all responsible governments must promote financialeducation policies has been spreading, nationally and internationally. This need is backed up bya repetitive narrative: because of economic instability, the increased role of financial markets inhousehold finances, and the withdrawal of the welfare state, individuals face increasing risks. Toaddress these risks, they must improve their financial literacy, in order to make the most informedchoices and transform their behavior. Individuals therefore seem to stand alone against financialrisks, with states, backed by financial companies and non-profit organizations, providing themmerely with informational tools. In 2015, the OECD counted 59 countries that had implementednational strategies to enhance financial literacy (OECD 2016). The rise of financial literacy is asuccessful example of the construction of a public problem, carried out by political entrepreneursusing cognitive and semantic strategies.

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Sociology
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Dates and versions

hal-02955800 , version 1 (02-10-2020)

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Jeanne Lazarus. Financial literacy education. A Questionable Answer to the Financialization of Everyday Life. The Routledge International Handbook of Financialization, Routledge, pp.390 - 399, 2020, 9781138308213. ⟨hal-02955800⟩
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