Assessing Finance Literacy Teaching at Indiana State University

This study investigates the effectiveness of a newly developed personal financial management course at Indiana State University. Analysis of pre- and post-test data suggests that students enrolled in the course score higher on knowledge exams and exhibit more desirable financial behaviors at the end of the course as compared with the beginning. Results also show that, first, enrollment in the personal financial management course was significant in predicting performance on the used personal finance post-tests, and, second, while some background factors, personal characteristics and financial experiences do affect pre-test scores, they had no effect on post-test scores.