Community college students’ response to a financial literacy intervention: An exploratory study

Popovich, Jacob; Loibl, Cäzilia; Zirkle, Christopher; Whittington, M. Susie

doi:10.1016/j.iree.2020.100182

Cited by 20 publications

(18 citation statements)

References 40 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The findings from Kalmi (2017) indicated that although financial knowledge has a positive effect, but there is no significant effect on the saving behaviors of the students. This study (Kalmi, 2017) is in contrast to several studies (Popovich et al, 2020) which…”

Section: Promoting Financial Literacy With Digital Toolscontrasting

confidence: 81%

“…Financial Education Network (2019) supported this study and integrated this recommendation. Previous studies have repeatedly shown the importance of financial literacy among students in many countries, such as undergraduates in the US and Ghana (Popovich et al, 2020;Oseifuah et al, 2018). After completing their four-year course, young adults often face financial challenges such as credit card debt and insufficient money to spend.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Integrating financial literacy into economics courses through digital tools: the Finlite app

Yin

Yusof

Abe

2022

JIEB

View full text Add to dashboard Cite

Purpose This study aims to analyze the effect of the Finlite mobile app on the financial literacy of undergraduate business students in Malaysia. Design/methodology/approach This study uses a quasi-experimental pre-intervention design. The data are collected using a quiz and a questionnaire. Cluster sampling is adopted for three different zones in Malaysia. A total of 400 business students enrolled in economics courses participated in the intervention. Findings The results indicate that Finlite significantly promotes students’ savings intentions, practices, decision-making, accountability, values and financial literacy. All results are analyzed based on gender and race. However, Finlite does not significantly help overcome students’ financial issues such as credit card debt and poor spending behavior. Practical implications Financial literacy may be efficiently promoted through digital tools integrated into economics courses. Young adults can make optimal financial decisions after graduation. Future research should explore different courses, addressing undergraduate and high-school students. Originality/value Previous studies predominantly examine attitudes and behaviors related to financial literacy. In contrast, this study measures the ex post impact of the Finlite mobile app on savings intentions, practices, decision-making, accountability, ability to overcome financial issues and value for money.

show abstract

Section: Promoting Financial Literacy With Digital Toolscontrasting

confidence: 81%

Section: Introductionmentioning

confidence: 99%

Integrating financial literacy into economics courses through digital tools: the Finlite app

Yin

Yusof

Abe

2022

JIEB

View full text Add to dashboard Cite

show abstract

“…This kind of research is as yet in its infancy: Popovich et al. (2020) report an exploratory example with college students, which was successful in raising financial literacy (and also in changing attitudes). However, they were not able to test whether it had any impact on subsequent debting behavior.…”

Section: The Psychology Of Getting Into Debtmentioning

confidence: 99%

Debt and Overindebtedness: Psychological Evidence and its Policy Implications

Lea

2020

Social Issues Policy Review

View full text Add to dashboard Cite

This paper reviews psychological studies of real-life use of credit, debt, and overindebtedness, with the aim of making policy recommendations that could reduce the damage done by debt to both individuals and society. The overall level of debt in society is heavily influenced by the level of economic inequality and social insecurity, and no psychological factor can prevent debt if excessive socioeconomic disadvantage is not addressed. Within that constraint, psychological precursors to debt problems, psychological impacts of debt, and psychological strategies to help people get out of debt can be identified. Research results in these areas are used to formulate a series of recommendations that could help mitigate debt problems.

show abstract

“…All previous studies suggested that using digital tools, such as videos or games, could effectively enhance students' financial literacy. Additional studies also revealed that videos, or other digital tools, could effectively improve financial knowledge, whether in college or in high school (Zhu, 2019;Popovich et al, 2020). MOOCs with multimedia, in line with the conceptual framework of this research, were selected as being the most suitable platform for promoting financial literacy in this paper.…”

Section: Learning With Moocsmentioning

confidence: 94%

The Efficacy of Promoting Financial Literacy with MOOC among Economics Pre-Service Teachers

Yin

Watson

Yusof

2021

IJLTER

View full text Add to dashboard Cite

It is important to educate financial literacy to pre-service teachers to manage their money well and to disseminate the knowledge to their students. The study aimed to examine the effectiveness of MOOC in promoting financial literacy among pre-service teachers. This paper also examines the correlation among the variables of financial literacy, collaborative skills, problem-solving, accountability, and decision-making. Pre-service teachers' views were discussed after attending the MOOC. The study adopted a mixed-method research design. A total of 100 pre-service teachers were selected through a random-sampling technique to participate in the survey. A purposive sampling technique was used to pick five of the participants for the follow-up interview. The quantitative data were analyzed with descriptive and inferential statistics, while the qualitative data were analyzed on the basis of content analysis. The quantitative method yielded favourable descriptive statistics; and they also showed a significant relationship between financial literacy and MOOC. The variables indicated some correlations. The qualitative results also revealed the positive responses of financial literacy, collaborative skills, problem-solving, accountability, and decision-making. The course design and participants' engagement are the key factors of the success of MOOCs. Future research should emphasize the incorporation of financial literacy into different subjects. Educators and researchers could well provide more online learning in addition to those activities that combine financial literacy in other courses.

show abstract

Community college students’ response to a financial literacy intervention: An exploratory study

Cited by 20 publications

References 40 publications

Integrating financial literacy into economics courses through digital tools: the Finlite app

Integrating financial literacy into economics courses through digital tools: the Finlite app

Debt and Overindebtedness: Psychological Evidence and its Policy Implications

The Efficacy of Promoting Financial Literacy with MOOC among Economics Pre-Service Teachers

Contact Info

Product

Resources

About