Assessing the relative need and demand for financial education programs: A case study of graduate students
Are individuals with less understanding of personal finance concepts interested in financial education programs?
Recent research has shown that many adults have a poor understanding of basic personal finance concepts, which can have long-term impacts on their financial well-being. However, engaging individuals in improving their financial literacy can be challenging for a variety of reasons. This paper examines the relationship between interest in and need for financial literacy education among graduate students in a large university system.
The authors conducted an online survey measuring self-assessed and actual financial literacy of 2,487 graduate students at a large public university system. They then compared the survey results to respondents’ interest in attending a financial education program.
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