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B2b Best Practices in Financial Education: Incorporating Mathematics
Key Words
financial literacy, financial wellbeing, financial education, mathematics education
Short Description
There is a pressing need for improved financial knowledge across the US population. Research has shown that financial education programs can be an effective solution to this problem. However, there is wide variability in the success of different education interventions, and the reasons for this heterogeneity are not yet fully understood. A crucial project is to increase our knowledge of best practices in financial education, in order to maximize the benefits participants in future courses receive. One important dimension of this goal is understanding the role of mathematics in a high quality personal finance course, given the well-documented correlation between mathematical knowledge and financial literacy. We present results from a study that investigates the relationship between financial learning and mathematical learning. A sample of high-school students were assessed on both financial and mathematical knowledge, before and after taking a course that combined mathematics and personal finance.
First & Corresponding Author
Jack Marley-Payne, Financial Life Cycle Education
Authors in the order to be printed
Jack Marley-Payne, Philip Dituri, Andrew Davidson