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State Curriculum Mandates and Student Knowledge of Personal Finance
Author(s) -
TENNYSON SHARON,
NGUYEN CHAU
Publication year - 2001
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.2001.tb00112.x
Subject(s) - mandate , curriculum , test (biology) , financial literacy , finance , state (computer science) , work (physics) , medical education , psychology , political science , pedagogy , mathematics education , business , medicine , engineering , law , computer science , mechanical engineering , paleontology , algorithm , biology
This study analyzes the relationship between high school students’ scores on a test of personal financial literacy and their state's personal finance curriculum mandate. At the time of the testing, twenty of the thirty‐one states included in the study had some kind of educational policy in the area of personal financial management. The results of the study show that curriculum mandates, broadly defined, are not generally associated with higher students’ scores. However, students in states that required specific financial education course work scored significantly higher than those in states with either a general mandate or with no mandate.