Effectiveness of Financial Education Programs: The Case of Young People Monitored by Local Missions in France

Sylvie CIEPLY * Maître de conférences, HDR, CREM (Centre de recherche en économie & management), Université de Caen Normandie. Contact : sylvie.cieply@unicaen.fr

Vincent FROMENTIN ** Maître de conférences, HDR, CEREFIGE (Centre européen de recherche en économie financière et gestion des entreprises), Université de Lorraine. Contact : vincent.fromentin@univ-lorraine.fr

David MOROZ *** Enseignant-chercheur, EM Normandie Business School. Contact : dmoroz@em-normandie.fr

Nadège RIBAU-PELTRE **** Maître de conférences, CEREFIGE (Centre européen de recherche en économie financière et gestion des entreprises), Université de Lorraine. Contact : nadege.peltre@univ-lorraine.fr

Slim SOUISSI ***** Maître de conférences, NIMEC (Normandie Innovation Marché Entreprise Consommation), Université de Caen Normandie. Contact : slim.souissi@unicaen.frLes auteurs remercient vivement Turki Alshammari, Cristiane Benetti, Noame Khaldi, Georges Maroun et Claire El Moudden, pour leurs participations actives au projet de recherche Éducation économique, budgétaire et financière (EDUCFI) soutenu par la Banque de France et hébergé au CEREFIGE de l'Université de Lorraine.

Since 2002, financial education has become a priority for OECD member countries. The level of financial literacy remains low in France, highlighting the need for targeted educational programs, especially for young people and vulnerable populations. In 2016, France launched a “national strategy for economic, budgetary and financial education”, entrusted to the Banque de France, which works with young adults at risk, monitored by Local Missions. The purpose of the article is to evaluate the effectiveness of this program, based on surveys taken in 2022 and in 2023. Young people who have followed several financial education programs have shown better results. The article discusses these results and proposes measures for improving the financial culture of young adults in France. Integrating financial education into a comprehensive educational strategy is crucial for maximizing its effectiveness.