Abstract

Recent research has shown that two forms of education intervention significantly improve financial outcomes: rigorous, in-depth personal finance courses and additional mathematics coursework. This suggests that a mathematics course that offered systematic, in-depth applications to personal finance could be particularly effective. In this article, we summarize the results from a pilot of such a course, and demonstrate how it is motivated by recent literature, despite being a type of course that has so far not been studied thoroughly. We then present the results of our preliminary impact assessment and show how financial knowledge and confidence improve significantly after taking the course. We discuss how this indicates that such an approach is a promising strategy for improving financial outcomes.

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.