The effects of financial education on the financial knowledge of high school students

This study investigated the effects of a financial education program on high school students' knowledge of personal finance. A comparison of pretest and posttest scores achieved on a reliable and valid thirty-item instrument suggested that the Financing Your Future curriculum increased financia...

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Bibliographic Details
Published in:The Journal of consumer affairs 2010-06, Vol.44 (2), p.336-357
Main Authors: WALSTAD, WILLIAM B., REBECK, KEN, MacDONALD, RICHARD A.
Format: Article
Language:English
Subjects:
Comparative analysis
Consumer education
Control groups
Credit cards
Curricula
Education
Educational aspects
Evaluation
Financial literacy
Finanzmarkt
Finanzplanung
High school students
High schools
Impact analysis
Personal finance
Posttests
Pretests
Secondary school curricula
Secondary school students
Secondary schools
Student
Studies
Teachers
USA
Wirtschaftspädagogik
Wissen
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Summary:This study investigated the effects of a financial education program on high school students' knowledge of personal finance. A comparison of pretest and posttest scores achieved on a reliable and valid thirty-item instrument suggested that the Financing Your Future curriculum increased financial knowledge across many concepts. The scores increased regardless of the course in which the curriculum was used and across student characteristics. The assessment contributes to the growing literature showing that a well-specified and properly implemented program in financial education can positively and significantly influence the financial knowledge of high school students.
ISSN:0022-0078
1745-6606
DOI:10.1111/j.1745-6606.2010.01172.x