Financial literacy during a pandemic
Does modality matter?
DOI:
https://doi.org/10.61190/fsr.v31i2/3.3538Keywords:
Teaching modality, Education, Outreach, Survey, Financial literacyAbstract
We compare the performance of financial literacy programs launched by the CFA Society Pittsburgh in residential settings (2017–2019) with virtual/hybrid programs during the COVID-19 pandemic (2020-2021). Pretest baseline knowledge assessment shows that female students scored lower on subjective and objective financial knowledge questions and self-esteem. However, the global pandemic did not impact the effectiveness of programs based on modality. Students experienced a statistically significant improvement in all four assessment areas of financial literacy. The largest gains in subjective and financial knowledge center on retirement planning. Objective knowl- edge and self-esteem improvements occur most in credit and inflation. Female students experience more significant gains in subjective knowledge, objective knowledge, and self-esteem.
Downloads
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Greg Filbeck, Xin Zhao
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Author(s) retain the copyright and full publishing rights without restriction.
Author(s) grant the Journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial 4.0 International License that allows reusers to distribute, remix, adapt, and build upon the material in any medium or format, for noncommercial purposes only. Reusers must acknowledge the work's authorship and initial publication in this Journal.
Noncommercial means not primarily intended for or directed towards commercial advantage or monetary compensation.
In addition, FSR grants to the UGA Libraries a worldwide, non-exclusive license to all content published by the Journal, including metadata, that is necessary to publish, transmit, and index the Journal and to preserve its content over time.
