Personal Financial Education: What Research Tells Us

Posted by on January 21, 2013

The John Templeton Center for Thrift and Generosity at the Institute for American Values is proud to partner with the Historical Society of Pennsylvania to host a Thrift Week lecture and lunch entitled

Personal Financial Education: What Research Tells Us
by Andrew T. Hill,
Economic Education Advisor, Federal Reserve Bank of Philadelphia

Saturday January 26, 2013
11:30 A.M. to 1:30 P.M.

At the Historical Society of Pennsylvania
1300 Locust Street | Philadelphia | PA 19107

Register online: https://twlunch.eventbrite.com/#
Questions: info@americanvalues.org

The lunch and lecture are both free and open to the public.

OVERVIEW

Over the past decade, there has been increased attention on the need to include personal finance in the K-12 curriculum. This perceived need has been fueled by articles from the popular press, statistics on the impact of poor financial decisions made by young adults, and articles from the academic community. In addition, the call for financial education has been reinforced by former Federal Reserve Chairman Alan Greenspan (2001) and current Chairman Ben Bernanke (2006). While there has been a growing interest in offering personal finance education in the K-12 classroom, there is limited evidence that personal finance instruction increases student personal finance achievement.

In this session, Andrew Hill will cover, in a broad way, the existing research into the effectiveness of the personal financial education, particularly at the high school level. Using data collected in recent publications, especially “Evidence of Student Achievement in a High School Personal Finance Course”, he will define the characteristics of high quality measurement of personal finance programs and reflect on the characteristics of the best research into the effectiveness of financial education programs. Finally, He will provide an overview of a forthcoming paper “Status of Personal Financial Education in the United States.”

Dr. Hill’s presentation will be the keynote of our Thrift Week Teacher Workshop Engaging Students in Thrift. Andrew Hill is the economic education advisor at the Federal Reserve Bank of Philadelphia and adjunct professor of economics at Temple University. Since 2002, he has led the Philadelphia Fed’s economic education programs, which reach hundreds of teachers each year. Andrew is the 2012 recipient of the Bessie B. Moore Service Award from the National Association of Economic Educators, a 2012 recipient of the University of Delaware Presidential Citation Award for Outstanding Achievement, and a 2001 recipient of the University of Delaware Excellence in Teaching award. He currently serves as chair of the Research Committee of the National Association of Economic Educators.