Financial Literacy Education in a Work Release Program for an Incarcerated Sample

Autor/inn/en	Mielitz, Katherine S.; MacDonald, Maurice; Lurtz, Meghaan
Titel	Financial Literacy Education in a Work Release Program for an Incarcerated Sample
Quelle	In: Journal of Financial Counseling and Planning, 29 (2018) 2, S.316-327 (12 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Money Management; Knowledge Level; Consumer Education; Released Time; Correctional Education; Institutionalized Persons; Scores; Human Capital; Predictor Variables; Educational Background; Banking; Credit (Finance); Racial Differences; Georgia + Suchen Sie Ihr Suchwort? Wissensbasis; Konsumerziehung; Arbeitsfreistellung; Fürsorgeerziehung; Humankapital; Prädiktor; Vorbildung; Bankgeschäft; Credit; Kredit; Rassenunterschied
Abstract	We obtained 180 pre- and post-test surveys to investigate how an established financial literacy program may have increased financial knowledge of residents in a work release program in Augusta, Georgia. Paired t tests analyzed changes in subjective and objective financial knowledge, understanding of banking and credit, and financial attitudes. OLS regressions of pre- and post-test financial knowledge were guided by human capital theory to learn which program participant characteristics were associated with greater increase in knowledge and infer why. Education, age, and use of financial tools were significant predictors in the pretest. Controlling for pretest knowledge, there were significant, positive differences from pre- to post-test, regardless of race. Implications for further research and specific suggestions for financial education content for the incarcerated are provided. (As Provided).
Anmerkungen	Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: http://afcpe.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01