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A Research Study of 20,000 Students Taking Financial Education Course Reveals Meaningful Knowledge Gain Among 90% of Students
According to a recent study conducted by third-party researchers at the University of Massachusetts Donahue Institute, middle school students who completed a financial literacy course showed a significant increase in their financial knowledge and intentions to engage with financial products in the future.
The research, conducted in cooperation with the MassMutual Foundation and EVERFI, also revealed that financial education meaningfully increased knowledge for students across all gender, racial, ethnic, and parental education backgrounds.
Researchers analyzed survey, assessment, and platform data from more than 20,000 students and nearly 500 teachers during the 2017-2018 school year to determine the efficacy of the financial education curriculum. After analyzing all data from teachers and students in both the treatment and control groups, researchers found a significant and substantial increase in financial knowledge among students taking the financial literacy course.
- 90% of students saw a meaningful increase in knowledge gain after taking the financial education course.
- 50% of students saw an increase of 20 points or more on their knowledge gain scores.
- 20% more knowledge gain among students taking FutureSmart compared to students in the control group.
If you are looking for a safe and secure way to help your teen manage money, Kinetic's Teen Checking Account will give you all of the tools that you need. You and your teen will have the ability to manage and monitor the account from our online banking or mobile app, allowing your teen to categorize their spending and set budgeting goals. You can also help your child build good money habits through Kinetic's Smart Steps Financial Education Program.
Open your Kinetic Teen Checking account, today!
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