Impacts of Student Financial Education Outcomes

Many young people are worried about financial matters and want more knowledge about personal finance. States who mandate financial education suggest students exhibit positive behaviors and are more likely to save and manage money. The study (N=606) showed that college students who completed high school in Texas did not recall courses they learned about financial education, but were very confident (27%) or somewhat confident (43%) when managing finances. Of the 30% who completed courses, 97% wanted to know more about personal financial management. Economics (74%), Government (64%), U.S. History (43%), and Social Studies (30%) were the primary courses where these students studies economic concepts. The study confirms data that millennials do not have rainy day funds.