¶ … high school students are receiving poor education as regards financial literacy (e.g. NAEP, 1979). Mandell (1997), for instance, reports that high school students have an average score of 57% in terms of money management, savings and investment, spending and other areas of income. HS graduates, in other words, have weak financial literacy. Adults also, generally, are almost totally illiterate regarding retirement and investment decision-making. A study of 552 adult females found that 56% were ignorant about the fundamentals of investing (Chen & Volpe, 1998).
A further study found that most Americans fail to save for retirement or fail to save for emergencies possessing a false confidence about financial security of their future (ibid.). About 71% of all workers and 81% of retirees in the study scored 60% or less in knowledge of financial matters. In their same review, Chen and Volpe (1998) showed that the Institute of Certified Financial Planners (1993) surveyed 123 Certified Financial Planner licensees and found that financial illiteracy was a major problem when making financial decisions. Investors lack a solid knowledge of financial issues, and many workers are poor on basics of financial knowledge.
Most studies focus on financial literacy on high school students and adults, but few -- if any -- investigate the level of financial literacy amongst college students. One of the few studies that do so is that of Danes and Hira (1987) where they surveyed 323 college students from Iowa State University assessing their knowledge of insurance, credit card management, record keeping, personal loans, and general financial management. They discovered that financial literacy was low. Whilst informative, their study also suffered from certain limitations including the fact that their sample was obtained exclusively from...
schools experience higher graduation rates amongst minorities than other high schools. The key terms that will be used throughout the discussion include; High school dropout- those individuals enrolled in high school in October but a year later were not enrolled in school and had not completed high school. (Event Dropout Rates by Family Income, 1972-2001, 2004) High school graduation rate- the percentage of students that graduate high school each year At risk
attitudes and values of high school students. Reforms to the high school system in the United States are also explained. Additionally, the reason why students need not be involved in the planning of reforms is elucidated. High School Students: their Attitudes and Values Of a crucial age, climbing a milestone, conscious to their fullest with no fear of prospects, high school students have interested researchers and policy makers for centuries. They
Iraqi Students The literature review provides an abundance of material related to the educational and cultural aspects of Australian society and how those aspects play into the educating process regarding immigrants and especially high school students from Iraq who immigrate to Australia in search of education and a better way of life. The review focuses not only on the generality of those concepts but on specific aspects as well. Some of
(Stasz, and Bodilly, 2004) In the press release by Mike Bowler and David Thomas (2005), High School Students Using Dual Enrollment Programs to Earn College Credits, New Reports Say. According to this report, the federal budget proposes to increase access to "dual enrollment" programs for at-risk students. Out of the approximately 2,050 institutions with dual enrollment programs, almost 110 institutions, or 5% (about 2% of all institutions) offered dual enrollment
Moseley, chair of the Coalition advisory board and president and CEO of the Academy for Educational Development. "It is not a luxury that can be addressed at some point in the future, but rather it provides people with the tools to survive and improve their lives" (Basic Education Coalition 2004). There is no one magical, quick fix solution to Bermuda's dropout problem. The problem is complex and requires a
Preventing Dropouts Among Minority Middle School Students The dropout rate of minority middle school students is rising. This can be contributed to a number of factors that cultivate frustration and develop low self-esteem among minority adolescent students. Middle school students already struggle with self-image issues, but when the added pressure of factors such as low literacy skills, poverty within the home, early pregnancy and low regard for education are also introduced,
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