Behavior Change for Low-Income Individuals Resulting From a Cooperative Extension Financial Capability Program

An evaluation was implemented over a 3-year period to assess a statewide financial capability program for low-income, diverse clientele in Michigan. Pre- and post- program evaluation data was used to determine knowledge gain and intended behavior change. Follow-up evaluation data confirmed behavior...

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Bibliographic Details
Published in:Financial counseling and planning 2021-01, Vol.32 (2), p.231-241
Main Authors: Tobe, Erica, Eschbach, Cheryl, Weber, Robert, Ortquist, Jinnifer, Hendrian, William V
Format: Article
Language:English
Subjects:
Academic Achievement
Behavior
Behavior Change
Behavior Modification
Behavior Problems
Behavioral Sciences
Community
Community Education
Community Relations
Consumers
Counseling
Curricula
Debt (Financial)
Debt management
Decision Making
Design
Diversity
Economic conditions
Education
Employment Level
Ethnicity
Extension Education
Family Income
Financial literacy
Financial management
Gender Differences
General Counseling
Great Recession
Households
Income
Knowledge Level
Literacy
Low Income
Low Income Groups
Marriage and Family Counselling
Meta Analysis
Money Management
Participant Characteristics
Personal finance
Pretests Posttests
Program Administration
Program Effectiveness
Program Evaluation
Race
Teaching Methods
Unemployment
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Summary:An evaluation was implemented over a 3-year period to assess a statewide financial capability program for low-income, diverse clientele in Michigan. Pre- and post- program evaluation data was used to determine knowledge gain and intended behavior change. Follow-up evaluation data confirmed behavior changes across 10 financial practices. Using the Transtheoretical Model of Behavior Change, research findings revealed participants were better able to maintain change in key financial practices including making wise money decisions, creating a spending plan, and managing debt as a result of the educational program. Recommendations are provided to support future programs with similar clientele.
ISSN:1052-3073
1947-7910
DOI:10.1891/JFCP-19-00020