How can you get the best ROI from your K-12 financial literacy program? Financial Economist, Lewis Mandell Ph.D., conducted a study of the effectiveness of financial literacy education on pre-high school students. Through pre- and post-tests, along with a unique experiment, he found clear indicators that the students directly engaged by the particular program outlined in this case story showed an increase of knowledge around financial issues.
A total of 1,279 students in grades 5 through 9 were given personal finance education in the form of a live play and supporting classroom instruction revolving around the benefits of saving. Students’ knowledge and attitudes were tested both before and after the educational intervention, with identical questionnaires in order to examine the magnitude of change and to test for differences by the age (grade) of the students. Some students also participated in an experiment that focused on saving. Read all about it.
Money Management Case Story