Education Commons^™

An Exploratory Examination Of The Financial Knowledge, Attitudes, Capabilities, And Socialization Of Black College Students And Their Lived Experience Of Personal Financial Management, Joycelyn C. Morris

FIU Electronic Theses and Dissertations

Financial literacy and education have become hot topics in the U.S. The research of the Black community within this field of study is limited and existing research findings are bleak. The purpose of this study was to understand the financial knowledge, behaviors, and socialization of Black college students. Many existing studies seek to understand financial literacy through quantitative inquiry solely, however this study used a concurrent mixed method research design to obtain a holistic understanding of the research questions while minimizing biases.

The quantitative portion of the study consisted of a survey administered online and grounded in the Family Financial …

Long-Term Analysis Of A Savings Program In Elementary School, Jennifer Davidson, William Walstad

Department of Economics: Faculty Publications

The prevalence of in-school savings programs (ISSPs) for children and youth is widespread, but research on their effectiveness is limited. This study investigates the long-term effects of an ISSP conducted in one U.S. elementary school. Survey data were collected on the financial behaviors of high school students, who participated in or did not participate in an ISSP while attending the same elementary school at the same time. The results from a probit analysis of data controlling for demographic variables showed that ISSP participants compared with non-participants were more likely to have a bank account in high school. They also were …

Mapping Of Global Research Trends In Financial Literacy: A Scientometric Approach, Avadhesh Kumar Patel, Madan Singh, Ayush Kumar Patel, Kunwar Singh

Library Philosophy and Practice (e-journal)

The main goal of this present study was to access the global research trends in financial literacy. The data obtained from the Scopus database, one of Elsevier's largest bibliographic databases. The various scientometric indicators have been applied in this study, such as year-wise growth pattern with Citation, Annual growth rate (AGR), Relative growth rate (RGR), Authorship pattern, degree of collaboration (DC), Correlation coefficient (CC), Most prolific authors, highly cited documents, most collaborative institutes, highly preferred sources, top funding agencies, Subject wise distribution and types of papers, etc. The study comprises a review of 2000 research documents published with 22229 citations …

Equity Issues In Student Financial Literacy, Sue Thomson

Teacher columnist - Sue Thomson

The impact of the COVID-19 pandemic on national economies has underlined the necessity for strong personal financial literacy. With people suddenly able to draw money from their superannuation or freeze their mortgage repayments in order to meet expenses, it is vital that they have the skills to evaluate the costs and benefits associated with such options. Financial education therefore has a role, in conjunction with consumer protection and regulation policies, in equipping people to attain the appropriate skills and knowledge in financial literacy.

The Money Mentors Program: Increasing Financial Literacy In Utah Youths, Zurishaddai A. Garcia, Dave Francis, Amanda Christensen, Stacey S. Macarthur, Margie Memmott, Paul A. Hill

All Current Publications

Utah 4-H and Fidelity Investments collaborated on a program for increasing the financial literacy of teens and children. The collaboration resulted in positive impacts for both Extension and Utah youths. Extension benefited through partnership with a corporation that provided content expertise, volunteers, and funding for a financial literacy program. Youths benefited from improved financial literacy. A Teens Reaching Youth (TRY) team approach was used for the training of 81 teens, who then taught 530 youths statewide. The curriculum addressed research-based financial concepts through activities and technologies that were interactive, appealing, and engaging. The program development and implementation processes may serve …

Spend Now Or Spend Later: The Role Of A Business Education And Critical Thinking Skills In Increasing Retirement Plan Saving Rates For New, Young Enrollees, Priscilla Arling, Jill Kirby, Kegan Saajasto

Scholarship and Professional Work - Business

For college graduates entering the workforce, contributing to an employer-sponsored 401(k) retirement plan can be an important way of saving for the future. However, contribution rates for young people in these plans are far below recommended percentages, leading to concerns about future financial stability for these individuals. Prior work has shown that a college student’s major and academic coursework affect their general financial knowledge. However, little is known about what content within a course of study correlates with specific financial decisions. The decision of how much to save in a 401(k) plan is complex and requires thinking beyond a present-day …

Finance For All: The Impact Of Financial Literacy Training In Compulsory Secondary Education In Spain, Laura Hospido, Ernesto Villanueva, Gema Zamarro

Education Reform Faculty and Graduate Students Publications

We estimate the impact on objective measures of financial literacy of a 10-hour financial education program among 15-year-old students in compulsory secondary schooling. We use a matched sample of students and teachers in Madrid and two different estimation strategies. Firstly, we use reweighting estimators to compare the performance in a test of financial knowledge of students in treatment and control schools. In another specification, we use school fixed-effect estimates of the effect of the course on changes in scores in tests of financial knowledge. The program increased treated students’ financial knowledge by between one-fourth and one-third of a standard deviation. …

Efinancial Health Synergy And Prevention Science, Nan Taylor

Cornerstone 1 Reports : Expansion and Enhancements of the Thinkfinity Platform

No abstract provided.

What Explains The Gender Gap In Financial Literacy? The Role Of Household Decision-Making, Raquel Fonseca, Kathleen J. Mullen, Gema Zamarro, Julie Zissimopoulos

Education Reform Faculty and Graduate Students Publications

Research has shown that financial illiteracy is widespread among women, and that many women are unfamiliar with even the most basic economic concepts needed to make saving and investment decisions. This gender gap in financial literacy may contribute to the differential levels of retirement preparedness between women and men. However, little is known about the determinants of the gender gap in financial literacy. Using data from the RAND American Life Panel, we examined potential explanations for the gender gap including the role of marriage and division of financial decision-making among couples. We found that differences in the demographic characteristics of …

Moneysense, Angela Martin

WWU Honors College Senior Projects

Money is something that permeates everyone’s daily lives. No matter who you are, rich or poor, white or black, college educated or a high school drop out, everyone has to deal with money at some level. Getting a job, opening a savings account, budgeting for one’s monthly bills, and using a credit card are activities that most men and women will experience at some point in their lives. Everyone has to deal with money but few actually receive any type of formal training or education on exactly how to do these things.

Learning by ones mistakes is common when it …