Microsoft Word Ed Horwitz Post Dissertation Fina docx

 Assessment of Financial Literacy   
In order to properly assess financial literacy according to the framework, measurement of 
financial knowledge and skills is required. Huston (2010) clearly identifies the need for a 
properly designed instrument for measuring financial literacy to contain a component measure 
that assesses financial knowledge as well as the ability to apply that knowledge for the 
improvement of human capital and financial well-being. This definition is consistent with 
standardized literacy constructs and does not contradict existing financial literacy definitions 
(Huston, 2010).