Financial literacy

profiling a successful high school outreach program

Authors

  • Greg Filbeck Black School of Business, Penn State Behrend
  • Jason Pettner Market Analyst, C.S. McKee
  • Xin Zhao Black School of Business, Penn State Behrend

DOI:

https://doi.org/10.61190/fsr.v28i4.3435

Keywords:

Education, Outreach, Survey, Financial literacy, Keywords

Abstract

The CFA Society Pittsburgh launched a high school financial literacy campaign resulting in sig- nificant improvements in financial behavior, subjective and objective financial knowledge, and self- esteem. Before the campaign, male students and students with higher grade point averages (GPAs) show better objective knowledge. In addition, we find disconnect between actual and perceived fi- nancial knowledge. Students exhibited gains in all aspects after completing the program. The subca- tegories with the lowest pre-survey scores or female students show the greatest improvements in the post-survey. Students with lower GPAs experienced greater improvement in financial behavior and objective knowledge, while higher GPA students improved more in subjective knowledge.

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Published

2020-12-30

How to Cite

Filbeck, G., Pettner, J., & Zhao, X. (2020). Financial literacy: profiling a successful high school outreach program. Financial Services Review, 28(4), 315–340. https://doi.org/10.61190/fsr.v28i4.3435

Issue

Vol. 28 No. 4 (2020): Winter 2020

Section

New Original Submission

License

Copyright (c) 2020 Academy of Financial Services

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