W!SE Releases Financial Literacy Report
W!SE recently released its six year study on the effectiveness of financial education in high schools. W!SE has created a Financial Literacy Certification Program and has administered the program to more than 70,000 students. Of the 70,000 students participating in the program, 51,000 (or 74%) passed.
Prior to participating in the program, certain high schools had passage rates as low as 3%.
The report also demonstrates that the act of participating in the program encourages more students to budget, use banks, save money, set financial goals, compare prices and talk about money openly with family members. Participating students increased their savings rates by an average of 14% as a result of the Program and increased their financial goal setting by 18-20%.
To view the complete W!SE Financial Literacy Report, click here.
One Person has left comments on this post
Thanks for sharing such great post, according to me many people are investing there money in different places, but they don’t have proper knowledge about it. People should not invest blindly or without any knowledge otherwise there may be some chances of risk. First step is to see, second is to check, third is to inspect, forth is to interrogate and finally the fifth is to decide by following this step we can increase our literacy of financial matters. For more details on Financial Illiteracy refer http://www.prime-targeting.com/get-rid-from-financial-illiteracy/