Improving students’ financial literacy by training teachers using an online professional development module

Abstract

We evaluate whether a scalable online teacher professional development (OTPD) module that requires little time investment enhances students' financial literacy. Two randomised controlled trials were performed, with 1827 students, 53 teachers and 47 schools participating. The financial education programme on its own increased students' financial knowledge, but did not improve financial behaviour. Regarding the OTPD effects, we observed that students' knowledge scores did not significantly improve, but that behaviour scores were enhanced relative to students whose teachers did not receive access to the OTPD module. In comparison with students in the control condition, behaviour scores improved with 0.39 SD.

Financial literacy of secondary school leavers: a case of Latgale region in Latvia

“…The data on financial literacy in the context of the linkage between the causes of family and youth financial literacy received within the present research has confirmed the conclusions obtained by other scientists (Vosylis et al, 2021;Jančius et al, 2022). Researches highlight the school's impact on youth financial literacy level (Kuzma et al, 2022;Compen et al, 2022). Only 34% of school learners of form 12 in Latgale obtained financial literacy knowledge at school.…”

Essential components of teacher professional development for financial literacy: A literature review

“…However, understanding their views on financial literacy teaching related to contextual factors such as curriculum, technology, and setting is important. Many teachers lack sufficient technology training in TPD, despite holding a positive attitude towards technology and acknowledging its educational benefits [46], [47], particularly evident in online TPD settings [48]. By exploring financial educators' perspectives, the studies provide insight into class dynamics, student traits, and community programs offering financial literacy classes.…”

Edukasi Literasi Keuangan dan Inklusi Keuangan Siswa Siswi SMK Pariwisata Telkom School Bandung

“…Pemberian informasi mengenai literasi keuangan memfasilitasi pengambilan keputusan siswa siswi yang bertanggung jawab, sadar, dan kompeten dalam kehidupan sehati hari (Borraz et al, 2022), walaupun tingkat pengetahuan tentang literasi keuangan cukup heterogen bagi siswa siswi (Almeida & Costa, 2023), dengan adanya edukasi literasi keuangan dan inklusi keuangan akan meningkatkan pengetahuan keuangan (Compen et al, 2023) sehingga dapat sejalan dengan tujuan dari sekolah yang berbasis entrepreneur, pada saat pengambilan keputusan, baik itu di bidang perjalanan wisata, akomodasi perhotelan, dan tata boga dapat mempertimbangkan dengan baik dari sisi keuangan agar sukses, terlebih lagi pembelajaran yang dilakukan di sekolah bukan saja hanya teori tetapi juga eksperimental. Peningkatan pertumbuhan indicator literasi keuangan harus dilakukan atas integrasi pendidikan media, pendidikan keuangan dan pendidikan untuk pembangunan berkelanjutan (Kuzma et al, 2022).…”