Research

You may be aware of a recent meta-analysis I did with some colleagues—Tim Kaiser, Annamaria Lusardi, and Lukas Menkhoff. We look at all experiments that randomize who did—and did not—receive financial education across every single experiment ever written! On average: financial education improves financial behaviors in a cost-effective way. Figure 3 from the research brief linked above shows that financial education improves behaviors across many domains!  While those findings are exciting for the financial education field, they say very little about what works and for whom.

AL 0 Tim Kaiser, Annamaria Lusardi, Lukas Menkhoff, and Carly Urban Financial Education Affects Financial Knowledge and Downstream Behaviors effect of financial May 12, 2022

Course catalogs from over 11,000 high schools reveal that guaranteed access to Personal Finance courses expanded to nearly 1 in 4 high school students in 2022.

Financial Education Affects Financial Knowledge and Downstream Behaviors. A meta-analysis of a decade of research indicates that financial education is effective in improving both knowledge and behavior.

Do you know how to manage money? See how financially literate people in your state are compared to your neighbors on our Financial Literacy Month map.

/PRNewswire/ -- Lacking key financial knowledge affects people's personal finance situations in powerful ways – that fact is well-established. But how much...

Support for teaching financial education in high schools

Studies show that Americans who learn financial literacy in high school fare better in adulthood. So why, for decades, was money management absent from schools?

The pandemic has forced Americans to tackle their finances in 3 key ways, research released Wednesday shows.

Parents play an important role in preparing youth for self-sufficiency. See how people rated their parents and take the Parents' and Children's Money Survey.

The data underlying the report reflects course catalogs from 11,049 high schools serving 11,752,118 high school students nationwide. The most recent NCES data estimates that there are 15,400,000 high school students in the U.

'Women have lower financial literacy than men, but they know more than they think they know.'

Financial educators will benefit from NEFE's list of tips on how to make financial literacy resources as impactful as possible. Available in PDF.

NEFE's Toolkit let's you design simple, effective evaluations that make it easy to demonstrate learning and show the value of your personal finance curriculum.

Personal finance education in middle and high schools has been disrupted by Covid just as it's crucially important

Teachers who are tasked with leading instruction on personal finance are not always well-equipped to teach it — and can benefit from specialized training.

Teach kids about money and they’re more likely to go to college, graduate with less debt and have better credit as adults.

Far too few students receive personal finance education during high school. Yet they are expected to make big financial decisions after they graduate.

Fewer Black and Hispanic students than whites are required to take a personal finance course to graduate high school, research shows.

GameStop shares hit a $483 high on Jan. 28. They closed at $60 on Monday.

The United States treats financial literacy/education like the fancy dishes that are kept locked away in a cabinet until the holidays.

Students need to learn not only about the loans they take out, but also about budgeting, cost of living and expected earnings for specific majors.