The Features and Effectiveness of the Keys to Financial Success Curriculum
AbstractThe global financial crisis of 2007-2009 has generated a renewed interest in including personal finance in the secondary curriculum in the United States and in many countries around the world. This paper explains the features of a successful and unique high school personal finance curriculum, Keys to Financial Success, which is offered by a consortium of partners in Delaware and Pennsylvania, and is available to teachers from the Federal Reserve Bank of Philadelphia. Using the Financial Fitness for Life High School Test (FFFL-HS Test), pre- and posttest results are reported for 967 students who participated in a one-semester Keys course during the 2011 and 2012 academic years. The survey results indicate that the training of teachers in the Keys curriculum, and the implementation of a one-semester Keys course, significantly improve the average personal finance knowledge of students in each of the standards and concept areas of the FFFL-HS Test. These results contribute to the growing literature showing the positive effects of a well-designed personal finance course, taught by properly trained teachers, on the financial knowledge of high school students, and should be of interest to an international audience.
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Bibliographic InfoPaper provided by University of Delaware, Department of Economics in its series Working Papers with number 13-13.
Length: 16 pages
Date of creation: 2013
Date of revision:
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Phone: (302) 831-2565
Fax: (302) 831-6968
Web page: http://www.lerner.udel.edu/departments/economics/department-economics/
More information through EDIRC
Financial Education; Literacy; Assessment; K-12;
Find related papers by JEL classification:
- A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college
- G00 - Financial Economics - - General - - - General
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- Ian Hathaway & Sameer Khatiwada, 2008. "Do financial education programs work?," Working Paper 0803, Federal Reserve Bank of Cleveland.
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