Holzhauer, Hunter; Haun, Amie
University of Tennessee at Chattanooga
Place of Publication
Financial literacy is the way that individuals understand, manage, and plan their personal finances, which is essential to making healthy financial decisions. In the United States, there is an overall lack of financial literacy. Some states, such as Tennessee, have tried to increase financial literacy by implementing a required personal finance course at the high school level. The purpose of this study is to understand the effectiveness of personal finance education in Tennessee high schools by measuring the financial literacy of college students who may or may not have been impacted by the requirement. When students were separated into Group A, who were impacted by the personal finance course requirement, and Group B, who were not impacted by the personal finance course requirement, there was not a meaningful difference in the financial literacy of the two groups. Furthermore, both groups report that their parents or guardians are the most likely source of their current financial education. The results from this study indicate the need for a stronger financial education program in Tennessee high schools.
B. S.; An honors thesis submitted to the faculty of the University of Tennessee at Chattanooga in partial fulfillment of the requirements of the degree of Bachelor of Science.
Education -- Finance; Financial literacy; Students -- Finance, Personal
Barnes, Jordan, "The state of financial literacy in Tennessee: do students need higher quality financial education?" (2019). Honors Theses.