Abstract

The 2008 Jump$tart study, assessing the financial literacy of American high school seniors and college students, reported an association between self-reported SAT scores and financial literacy scores. In the present study, an even stronger relationship was found between actual SAT scores and financial literacy scores from an abbreviated version of the Jump$tart test. Given that SAT scores are known to be correlated to parental income, also investigated was whether the relationship exists because the SAT serves as a proxy for parental income. By means of multiple regressions, it was determined that this relationship cannot be entirely explained by parental income.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.