"In a recent meta-analysis of over 200 prior studies on financial literacy programs, conducted by Daniel Fernandes, John Lynch, and Richard Netemeyer, and entit

"In a recent meta-analysis of over 200 prior studies on financial literacy programs, conducted by Daniel Fernandes, John Lynch, and Richard Netemeyer, and entitled “Financial Literacy, Financial Education, and Downstream Financial Behaviors”, the researchers found that interventions to improve financial literacy explain a statistically significant but practically irrelevant 0.1% of subsequent financial behaviors." The problem is knowledge decay. If you don't use it immediately you forget it. Just like every other academic subject. 12th graders also don't remember their geometry or algebra or history classes.