Business, Management and Accounting
4 years ago

High school financial curriculum mandates lead to increased adult asset accumulation.

Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates
B. Douglas Bernheim, Daniel M. Garrett, Dean M. Maki

Paper Summary

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High school financial curriculum mandates in many states have led to increased exposure to financial education and higher asset accumulation in adulthood. The effects of these mandates are gradual but significant, showing that teaching financial decision-making in high school can positively impact students' financial outcomes later in life.