The Global Financial Literacy Excellence Center

The Global Financial Literacy Excellence Center GFLEC builds on more than ten years of academic research by Dr. Annamaria Lusardi, an early contributor to financial literacy as a field of study.

Through its research and expertise, the Global Financial Literacy Excellence Center seeks to inform policy as well as develop and promote financial literacy programs around the world. Founded in 2011 at the George Washington University School of Business, the Global Financial Literacy Excellence Center (GFLEC), formerly known as the Global Center for Financial Literacy (GCFL), has positioned itself to be the world's leading center for financial literacy research and policy. Through rigorous scholarship and research, wide-reaching education, and global policy and services, the Center works with partners in Washington, DC, throughout the United States, and across the globe to raise the level of financial knowledge. By virtue of its location in the heart of Washington, DC, the Center is positioned to directly influence policymakers.

How can storytelling make financial education more relatable, memorable, and impactful?At the 4th Teaching Personal Fina...
10/10/2025

How can storytelling make financial education more relatable, memorable, and impactful?

At the 4th Teaching Personal Finance Conference organized by the Stanford Initiative for Financial Decision-Making (IFDM), Irene Foster (The George Washington University) and filmmaker Chris Temple (Optimist) explored this topic in the session: “The Power of Stories: Enhancing Financial Education Through Narratives,” moderated by Sharon Epperson, CNBC Senior Personal Finance Correspondent.

▶️ Watch the full session here: https://m.youtube.com/watch?v=WvLUjOzMUeE&t=7550s&pp=2AH-OpACAQ%3D%3D

They discussed how stories can bring financial lessons to life, turning abstract concepts like budgeting, debt, or saving into experiences that students can remember. Using personal narratives also builds empathy, creates inclusive classrooms, and makes learning about money less intimidating.

When students connect emotionally to a story, they’re more likely to internalize its message and translate knowledge into action. Storytelling, combined with reflection, bridges the gap between the abstract and the personal, transforming financial education from a lecture into a journey!

Storytelling is a powerful way to engage students. We need innovative approaches to connect with young learners when we ...
07/28/2025

Storytelling is a powerful way to engage students. We need innovative approaches to connect with young learners when we teach personal finance, always grounded in research.

Last week our Academic Director, Annamaria Lusardi, hosted a screening of the documentary "This Is Not Financial Advice" as part of her financial decision-making course at Stanford University, followed by a fireside chat with the award-winning director, Chris Temple, and Sarah Green from FINRA. The documentary covers two important topics: investing in crypto assets and finfluencers, issues particularly relevant to young people today.

This film opened the door to lively conversation about money, investing, and decision-making. We need to keep innovating in how we engage students on critical topics!

It’s Super Bowl Sunday! Victories are shaped by great athletes who have trained to be at the top of their game. They can...
02/09/2025

It’s Super Bowl Sunday! Victories are shaped by great athletes who have trained to be at the top of their game. They can also train for success off the field by boosting their financial savvy.

Our research showed that too many players—16 percent in the NFL—find themselves in bankruptcy during retirement. But there’s a run play to avoid that. Learn more about our research here:

https://gflec.org/initiatives/bankruptcy-rates-among-nfl-players-short-lived-income-spikes/

Not trying to scare you 👻 but did you know that only ⅓ of the world’s population is financially literate?Building a secu...
11/01/2024

Not trying to scare you 👻 but did you know that only ⅓ of the world’s population is financially literate?

Building a secure future for everyone starts with “BOO”sting financial literacy around the globe. Grab some of your favorite candy and “carve” out time to understand how, without financial literacy, managing your money can become a real-life horror story. Let's turn those alarming stats into a path toward a better financial future.

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Washington D.C., DC
20052

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+12029947148

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