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The Effects of Financial Education on the Financial Knowledge of High School Students
Abstract
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.
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Bernheim, B. D., Garrett, D. M., & Maki, D. M. (2001) · Journal of Public Economics · doi:10.1016/s0047-2727(00)00120-1 · Cited by 433
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Financial literacy, financial advice, and financial behavior
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“One way to elicit potential changes in financial literacy levels involves measuring test-based literacy scores prior to educating subjects about the financial matters of interest and at some point in time after they have received the respective manipulation (e.g., Walstad et al. 2010).”
BackgroundXu, L., & Zia, B. (2012) · World Bank, Washington, DC eBooks · doi:10.1596/1813-9450-6107 · Cited by 428
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Metadata
- Authors
- WALSTAD, W. B., REBECK, K., & MacDONALD, R. A.
- Venue
- Journal of Consumer Affairs
- Publisher
- Wiley
- Published
- 2010-06
- Volume
- 44
- Issue
- 2
- Pages
- 336-357
- ISSN
- 0022-0078 (ISSN-L)
- 1745-6606
- OpenAlex
- W2075531012
- Cited by
- 271
- References
- 1
- FWCI
- 30.39
- Type
- journal article
- Language
- en
- Open access
- closed
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- WALSTAD, W. B., REBECK, K., & MacDONALD, R. A. (2010). The Effects of Financial Education on the Financial Knowledge of High School Students. Journal of Consumer Affairs. https://doi.org/10.1111/j.1745-6606.2010.01172.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.