SaveWise: The impact of a real-life financial education program for ninth grade students in the Netherlands

This experimental study with a pre-post and follow-up design evaluates the financial education program "SaveWise"for ninth grade students in the Netherlands (n = 713). SaveWise adopts a holistic approach, emphasizing action rather than mere cognition. Benefitting from explicit instruction embedded in real-life contexts, students in the program set a personal savings goal and are coached on how to achieve it. The short-term treatment results indicated that SaveWise expanded the students' level of financial knowledge; encouraged their intentions to save more, spend less and earn an income; and b... Mehr ...

Verfasser: Amagir, A.
van den Brink, H.M.
Groot, W.
Wilschut, A.
Dokumenttyp: Artikel
Erscheinungsdatum: 2022
Reihe/Periodikum: Amagir , A , van den Brink , H M , Groot , W & Wilschut , A 2022 , ' SaveWise: The impact of a real-life financial education program for ninth grade students in the Netherlands ' , Journal of Behavioral and Experimental Finance , vol. 33 , 100605 . https://doi.org/10.1016/j.jbef.2021.100605
Schlagwörter: Financial education / Financial literacy / Financial knowledge / Attitudes towards money / Financial behavior / Savings behavior / Experiment / Adolescents / MONEY ATTITUDES / LITERACY / BEHAVIOR / SOCIALIZATION / CHILDHOOD / KNOWLEDGE / INSIGHTS
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-26821341
Datenquelle: BASE; Originalkatalog
Powered By: BASE
Link(s) : https://cris.maastrichtuniversity.nl/en/publications/405da452-d3a5-4446-a500-40850a12529e

This experimental study with a pre-post and follow-up design evaluates the financial education program "SaveWise"for ninth grade students in the Netherlands (n = 713). SaveWise adopts a holistic approach, emphasizing action rather than mere cognition. Benefitting from explicit instruction embedded in real-life contexts, students in the program set a personal savings goal and are coached on how to achieve it. The short-term treatment results indicated that SaveWise expanded the students' level of financial knowledge; encouraged their intentions to save more, spend less and earn an income; and broadly improved their financial and savings behavior. The program demonstrated that it could serve as an effective and low-cost method to enhance the financial literacy of prevocational students, a financially vulnerable group. Although long-term effects were expressed only through financial socialization, this study offers evidence linking curricula to increased knowledge and improved behavior for a specific sample of students. (c) 2021 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).