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Global Financial Literacy Excellence Center (GFLEC)
GFLEC
FounderAnnamaria Lusardi
Established2011
FocusFinancial literacy and financial education
Academic DirectorAnnamaria Lusardi
Staff8
Formerly calledGlobal Center for Financial Literacy
Location, ,
Websitewww.gflec.org

The Global Financial Literacy Excellence Center is a non-profit research center specializing in matters of financial literacy and financial education. It was founded in 2011 at the George Washington University School of Business by Dr. Annamaria Lusardi.[1][2]

Mission

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GFLEC seeks to inform policy as well as develop and promote financial literacy programs around the world. GFLEC focuses on research with particular emphasis on financial education in schools, in the workplace, and in the community, as well as being engaged in research that looks at financial literacy among women, minorities, and the young. GFLEC seeks to make research findings more accessible to policymakers and practitioners in order to help shape the national and international dialogue around financial literacy.[1]

History

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In 2011, Dr. Annamaria Lusardi came to the George Washington School of Business and founded the Center, then under the name of the Global Center of Financial Literacy. Later in the year, GFLEC collaborated with the Federal Reserve Board to launch the Financial LIteracy Seminar Series.[3] This series regularly features the latest research and publications related to financial literacy and financial education.[4]

In 2013, GFLEC helped to establish the International Federation of Finance Museums, a group of finance museums worldwide that works to promote collaboration among such museums.[5] GFLEC also partnered with OECD/INFE[6] to organize the Global Policy Research Symposium to Advance Financial Literacy, a symposium that was attended by many professionals in both the academic and private sides of finance.[7]

In 2014, GFLEC and GWU hosted the U.S. release of the 2012 PISA data,[8][9] which for the first time in the history of the survey contained questions designed to assess the financial literacy of the respondents.[10] In addition to hosting the U.S. release, GFLEC and Dr. Lusardi helped create the questions assessing financial literacy on the PISA survey.[11]

References

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  1. ^ a b "About GFLEC". GFLEC. Retrieved 20 August 2014.
  2. ^ "GFLEC on GWSB website". George Washington School of Business. Retrieved 20 August 2014.
  3. ^ "Financial Literacy Seminar Series". CFED. Retrieved 20 August 2014.
  4. ^ "Financial Literacy Seminar Series Spring 2014". GFLEC. Retrieved 20 August 2014.
  5. ^ "Finance Museums Throughout the World Unite To Promote Financial Literacy Globally". Museum of American Finance. Retrieved 20 August 2014.
  6. ^ "OECD/INFE Webpage". OECD. Retrieved 20 August 2014.
  7. ^ "Global Policy Research Symposium to Advance Financial Literacy". OECD. Retrieved 20 August 2014.
  8. ^ "How American Teens Stack Up Internationally on Financial Literacy, Based on First-Ever Ranking, July 9". GWU. Retrieved 20 August 2014.
  9. ^ "U.S. Release of PISA Financial Literacy Data". GFLEC. Retrieved 20 August 2014. {{cite web}}: Text "July 9, 2014" ignored (help)
  10. ^ "PISA 2012 Results". OECD. Retrieved 20 August 2014.
  11. ^ "PISA 2012 FINANCIAL LITERACY ASSESSMENT FRAMEWORK" (PDF). OECD. Retrieved 20 August 2014.