Program Evaluation and Outcomes Assessment
At the end of each program the Board of Directors will assess the effectiveness of the program based on pretest and posttest data and use the data for program improvement. After five years the Youth Financial Literacy Program will conduct a longitudinal study to determine how former students are doing, financially, as a result of their participation in the Youth Financial Literacy Program.
Current research findings indicate that people who have had financial literacy education participate more often in retirement programs, make larger contributions to the program and have a much higher savings rate than others. Teenagers that reported learning about managing savings and checking accounts were more likely to report having opened both types of accounts, and they were more likely to save, have a budget and money to make purchases.