Margaret S. Sherraden|Lissa Johnson|Baorong Guo|William Elliott
Financial Capability in Children: Effects of Participation in a School-Based Financial Education and Savings Program
University of Missouri–St. Louis|University of Missouri–St. Louis|University of Pittsburgh
groundswell interest young peoples ability understand handle financial decisions generated keen interest financial knowledge effectiveness financial education study examines innovative fouryear schoolbased financial education savings program called save ics using quasiexperimental design study examines quantitative qualitative data analyze program effects financial knowledge elementary school children participated ics scored significantly higher financial literacy test taken fourth grade comparison group students school regardless parent education income results suggest young children increase financial capability access financial education accompanied participation meaningful financial services