Teachers’ Interpretation of the Cultural Relevancy of MoneySKILL®

2020 ◽  
pp. 001312452092058
Author(s):  
Thomas A. Lucey ◽  
Elizabeth S. White ◽  
Aline André
Keyword(s):  
High School Students ◽  
Financial Literacy ◽  
Financial Education ◽  
Student Diversity ◽  
School Students ◽  
Geographical Differences ◽  
Convenience Sample ◽  
Cultural Relevancy ◽  
Curricular Materials ◽  
Financial Practices

A comprehensive approach to financial literacy education necessitates an understanding of the degree to which curriculum is relevant for students from various cultural backgrounds. The purpose of this study was to examine the cultural relevancy of MoneySKILL®, an online financial literacy program designed for high school students. A convenience sample of teachers enrolled in a graduate course on student diversity completed 12 MoneySKILL modules and participated in online group discussions. Using a consensual qualitative research (CQR) method, the authors identified themes related to cultural relevancy in participants’ discussions. The results indicated that participants questioned the relevance of module content to marginalized social groups, noting exclusions based on social class, language, and family structure. They also reported a lack of consideration for geographical differences that affect financial practices, stereotypes in module examples, and assumptions in module content regarding America as a meritocracy. These findings indicate the need for more representative curricular materials and greater consideration of the social processes and sociopolitical contexts affecting financial practices. Findings also demonstrate the value of including teachers in the development of financial education curricular materials, as teachers have insights regarding pedagogy and relevancy to current and former students to make informed recommendations about possible curricular modifications.

The Role of Financial Education in the Path Towards Sustainable Development

2021 ◽  
pp. 1-19
Author(s):  
Raquel González Castro ◽  
Joaquín Enríquez-Diaz ◽  
Begoña Alvarez García
Keyword(s):  
High School Students ◽  
Financial Literacy ◽  
Financial Education ◽  
Practical Experience ◽  
School Students ◽  
Financial Decisions ◽  
Level Of Satisfaction ◽  
Level Of Knowledge ◽  
High Level

Financial decisions are present in everyone's daily life. However, citizens do not always have sufficient knowledge to understand the consequences of their decisions and the risks taken. The lack of financial literacy can contribute, along with other factors, to making wrong financial decisions. This is why financial education becomes a key element to achieve a more sustainable and egalitarian future. This research presents a practical experience intended to foster financial education among high school students. The experience consisted in providing training workshops about financial topics, specifically adapted to the students' needs. The students' level of financial knowledge was evaluated and also their level of satisfaction with the experience. Results showed a high level of satisfaction and a significant improvement in their level of knowledge. The research also helped to identify the students' socio-demographic characteristics that explain the differences in their level of financial culture and their capacity for improvement.

Financial Education and Financial Attitudes: Evidence From a High School Experiment

2020 ◽  
Vol 31 (2) ◽  
pp. 251-266
Author(s):  
Radha Bhattacharya ◽  
Andrew Gill
Keyword(s):  
High School ◽  
High School Students ◽  
Risk Taking ◽  
Financial Literacy ◽  
Financial Education ◽  
Literacy Intervention ◽  
School Students ◽  
Financial Attitudes ◽  
Increase Risk ◽  
Per Se

We surveyed high school students in Southern California to investigate whether there is an improvement in financial attitudes from eight class periods of financial literacy intervention in a high school economics course. We examine whether the money management (MM) and financial investing (FI) components of financial instruction influence attitudes differently and whether they each influence attitudes beyond a standard economics course. We find that the MM treatment influences being thrifty and delaying gratification. Both treatments increase risk-taking behavior, with neither treatment being more important than the other. Within the confines of our experiment, exposure to economics per se did not influence any of the financial attitudes, pointing to the need for financial education to inculcate healthy financial attitudes in high school children.

scholarly journals Components of Financial Literacy of Young People

2018 ◽  
Vol 6 (1) ◽  
pp. 5-19
Author(s):  
Andrea Hornyák
Keyword(s):  
High School Students ◽  
Financial Literacy ◽  
Family Background ◽  
Core Competencies ◽  
International Comparisons ◽  
Field Research ◽  
Financial Education ◽  
Point Of View ◽  
School Type ◽  
School Students

AbstractThe financial crisis has drawn attention to the importance of the population’s financial literacy. I am investigating assessment methodologies to evaluate financial literacy both from the point of view of macroeconomics and microeconomics in my study. I am of the opinion that the elaboration of the financial competency model based on international database is the solution that can lead to the determination of conditions of financial awareness by collectively investigating financial education, core competencies, and the psychological role of money. I surveyed the financial knowledgeability of Hungarian high school students with the help of field research after assessing the OECD and PISA findings. I received very different results of knowledge, behaviour, and attitudes by school type, gender, age-group, and family background, which might support the assessment of financial literacy indicators, the evaluation of results, and international comparisons.

Financial literacy among high school students: Evidence from India

2018 ◽  
Vol 17 (3) ◽  
pp. 168-187
Author(s):  
J.D Jayaraman ◽  
Saigeetha Jambunathan
Keyword(s):  
High School ◽  
High School Students ◽  
Financial Literacy ◽  
Financial Education ◽  
Developed Countries ◽  
School Students ◽  
Correct Score ◽  
Hands On ◽  
Macroeconomic Impact ◽  
Low Levels

Financial literacy is an important but oft ignored skill that is vital for young people. This study measured financial literacy levels among high school students ( N = 608) in India and found low levels of performance on standard measures of financial literacy. The percentage correct score on the basic financial literacy questions was 45% and on the sophisticated financial literacy questions the score was 44%. Financial literacy levels in India were found to be lower than those in developed countries. Gender differences were found, with females outperforming males, contrary to findings in developed countries. Students who pursued the commerce/economics stream of education were found to have higher levels of financial literacy than students pursuing the science stream. Results showed that students, despite having high levels of numeracy, were unable to transfer that knowledge to do financial computations. Parental involvement was also found to have a significant influence on financial literacy. Interviews with students highlighted the fact that understanding of societal and macroeconomic impacts of financial literacy was low. These findings lend support for high school financial education which involves parents and stresses practical hands-on application, societal and macroeconomic impact, as a means of improving financial literacy.

An investigation on conceptual understanding about cosmology

2019 ◽  
Vol 15 (S367) ◽  
pp. 397-399
Author(s):  
Arturo Colantonio ◽  
Irene Marzoli ◽  
Italo Testa ◽  
Emanuella Puddu
Keyword(s):  
High School ◽  
Cluster Analysis ◽  
High School Students ◽  
Conceptual Understanding ◽  
Hierarchical Cluster Analysis ◽  
Hierarchical Cluster ◽  
Content Area ◽  
School Students ◽  
Convenience Sample ◽  
Teaching Activities

AbstractIn this study, we identify patterns among students beliefs and ideas in cosmology, in order to frame meaningful and more effective teaching activities in this amazing content area. We involve a convenience sample of 432 high school students. We analyze students’ responses to an open-ended questionnaire with a non-hierarchical cluster analysis using the k-means algorithm.

scholarly journals Peningkatan Literasi Perbankan Siswa Sekolah Menengah Pertama (SMP): Bank Mempermudah Transaksi Kita

2021 ◽  
Vol 1 (2) ◽  
pp. 30-39
Author(s):  
Kery Utami ◽  
Masripah Masripah
Keyword(s):  
High School Students ◽  
Community Service ◽  
Junior High School ◽  
Financial Literacy ◽  
Banking Sector ◽  
Junior High ◽  
Service Needs ◽  
Training Methods ◽  
School Students ◽  
Level Of Understanding

It is undeniable that banking transactions are already inherent in everyday life. Therefore, banking literacy needs to be owned by each individual. People who are well literate easier to understand matters related to banking and have information to access the necessary banking services. To support efforts to improve financial literacy, one of which is in the banking sector, socialization in the form of community service needs to be done. Community service is intended for young junior high school students (SMP-IT ARAFAH, Depok) with the theme "Bank Facilitates Our Transactions. The main purpose of this community service focuses on improving the insight of banking literacy among junior high schools. This service program is carried out in 1 (one) day with structured training methods, namely lecture methods, information discussions and lastly conducted previews, evaluations and question and answer questions as a reference to assess how much participants understand the material that has been submitted. Basically the banking literacy of SMP-IT ARAFAH students is quite good and after the implementation of community service there was an increase in the average level of understanding of students which was originally 71.22% to 86.97%. This shows that efforts to improve banking literacy through the implementation of community service have produced positive results. Similar activities need to be developed further in order to instill banking literacy early on. Thus will create a well literate and financially inclusive society that will ultimately support economic development. Abstrak Tidak bisa dipungkiri bahwa transaksi perbankan sudah melekat dalam kehidupan sehari-hari. Oleh karena itu, literasi perbankan perlu dimiliki oleh setiap individu. Masyarakat yang well literate lebih mudah memahami hal-hal yang terkait dengan perbankan serta memiliki informasi untuk mengakses layanan jasa perbankan yang diperlukan. Untuk mendukung upaya peningkatan literasi keuangan salah satunya pada sektor perbankan, maka sosialisasai dalam bentuk pengabdian masyarakat perlu dilakukan. Pengabdian masyarakat ditujukan bagi kalangan muda siswi Sekolah Menengah Pertama (SMP-IT ARAFAH, Depok) dengan tema “Bank Mempermudah Transaksi Kita. Tujuan utama pengabdian masyarakat ini berfokus pada peningkatan wawasan literasi perbankan di kalangan Sekolah Menegah Pertama (SMP). Program pengabdian ini dilaksanakan dalam 1 (satu) hari dengan metode pelatihan terstruktur yakni metode ceramah, diskusi informasi dan terakhir dilakukan preview, evaluasi dan tanya jawab sebagai acuan untuk menilai seberapa besar pemahaman peserta terkait materi yang telah disampaikan. Pada dasarnya literasi perbankan Siswi SMP-IT ARAFAH sudah cukup baik dan setelah dilaksanakannya pengabdian masyarakat terjadi kenaikan pada Rata-rata tingkat pemahaman Siswi yang semula 71,22% menjadi 86,97%. Hal ini menunjukkan bahwa upaya peningkatan literasi perbankan melalui pelaksanaan pengabdian masyarakat membuahkan hasil yang positif. Kegiatan serupa perlu dikembangkan lebih lanjut guna menanamkan literasi perbankan sejak dini. Dengan demikian akan tercipta masyarakat yang well literate dan financially inclusive yang pada akhirnya akan mendukung pembangunan ekonomi. Kata Kunci: literasi keuangan; literasi perbankan; sekolah menengah pertama

Financial Literacy

2017 ◽  
pp. 80-106
Author(s):  
Adriana Berenice Valencia Álvarez ◽  
Jaime Ricardo Valenzuela González
Keyword(s):  
High School ◽  
Middle School ◽  
High School Students ◽  
Financial Literacy ◽  
Conceptual Knowledge ◽  
Self Report ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
School Students ◽  
Public And Private

Financial literacy is a combination of financial knowledge, attitudes and behaviors, key for making informed decisions and for solving financial problems. This descriptive study explored the applied, conceptual and procedural financial knowledge of 243 Mexican students via three financial knowledge tests. In addition, these students were surveyed about their financial behavior, their attitudes towards money, and their experience with money using a self-report questionnaire. The study aims to identify financial-education needs and gaps between school levels and systems. Therefore, the analysis focuses on the differences and similarities between two subgroups: (1) students in public and in private education, and between (2) middle school (ages 12 to 15) and high school students (ages 15 to 18). Middle school and high school students differed significantly only in their conceptual knowledge and in their financial experience, while public and private students showed statistical significant differences on their financial knowledge, behavior, attitudes and experience.

LEAD Legacy Projects

2020 ◽  
pp. 118-131
Author(s):  
Alyssa N. Palazzolo ◽  
Dana L. Pizzo
Keyword(s):  
High School Students ◽  
Secondary Students ◽  
Financial Literacy ◽  
Teacher Candidates ◽  
Character Development ◽  
Leadership Skills ◽  
Team Work ◽  
School Students ◽  
Self Confidence ◽  
Work Community

The L.E.A.D. Program implements two Legacy Projects, annually: Power of Potential Youth Conference and Challenge Cup. Both events are planned, organized, and facilitated by teacher candidates with the goal of engaging in-risk youth in various capacities. Taking place in the fall, the Power of Potential Youth Conference allows local high school students to explore some of their options for life after secondary school through a series of presentations and workshops focusing on Financial Literacy, Healthy Active Living, and Career Exploration. Taking place each spring, Challenge Cup is an outdoor event that fosters leadership, character development, and self-confidence in local secondary students. Students participate in a series of physical activities throughout the day which focus on building team-work, community, and leadership skills. This chapter explores how both L.E.A.D. Legacy Project events support secondary students outside of the classroom. The planning and organization of both events will be explained.

SaveWise: The design of a financial education program in the Netherlands

2019 ◽  
Vol 18 (2) ◽  
pp. 100-120 ◽  
Author(s):  
Aisa Amagir ◽  
Wim Groot ◽  
Henriëtte Maassen van den Brink ◽  
Arie Wilschut
Keyword(s):  
High School ◽  
High School Students ◽  
The Netherlands ◽  
Education Program ◽  
Self Efficacy ◽  
Financial Education ◽  
Goal Commitment ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
School Students

Using a framework for educational design research, this article reports and evaluates the (process of the) design of a financial education program. The program is designed for high school students in the prevocational track in the Netherlands. The aim of the program is to improve students’ financial knowledge, attitudes, self-efficacy, and (savings) behavior. The main outcome of this study is the identification of design principles that can be used by others for the design of financial education programs: setting a personal savings goal, commitment with and reflection on this goal, discussing money issues with peers and family, hands-on activities with autonomy, and explicit instruction through animated video clips. The results show that our program, called “SaveWise,” improves high school students’ financial knowledge and skills, financial awareness, attitudes towards money, self-efficacy, and financial behavior.

Financial literacy programs and youth entrepreneurial attitudes: some insights from the Jordanian community

2020 ◽  
Vol 14 (5) ◽  
pp. 787-810
Author(s):  
Nour Walid Aljaouni ◽  
Baker Alserhan ◽  
Kimberly Gleason ◽  
Jusuf Zeqiri
Keyword(s):  
High School ◽  
High School Students ◽  
Financial Literacy ◽  
Literacy Program ◽  
School Students ◽  
Content Type ◽  
Entrepreneurial Attitudes ◽  
Students Attitudes ◽  
K 12 ◽  
The Impact

Purpose The purpose of this paper is to explore the impact of a financial literacy program (FLP) recently implemented in Jordanian junior high and high schools as part of a national financial literacy agenda on students’ attitudes toward entrepreneurship relative to a control sample of students who had not yet participated in the FLP. This paper also examines the role of moderating variables, including students’ perception of teachers’ attitudes (TA) on students’ entrepreneurial attitudes. Design/methodology/approach Survey methodology was used to obtain data and hierarchical regression analysis was used to test hypotheses. Findings Results indicate that students who completed the FLP exhibited significantly higher entrepreneurial awareness than those that had not yet participated in the program. Students who took the entrepreneurship module of the FLP exhibited significantly lower entrepreneurial intention than those that had not yet taken the entrepreneurship module. However, TA did not impact students’ attitudes. Research limitations/implications The study examines a sample of middle and high school students in only one district in Amman, Jordan, and cannot be generalized to other communities where the FLP has been implemented. Practical implications The findings provide valuable insights for educators, policymakers and non-governmental organizations considering large scale, publicly funded FLPs as part of the K-12 educational system. Social implications Stakeholders should consider reforms to the implementation of entrepreneurship education as part of the FLP in Jordanian schools and other developing country K-12 programs. Originality/value This study is the first to examine the new Jordanian literacy program and the impact it has on attitudes toward entrepreneurship of middle and high school students.

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