Financial Literacy Survey
Part 1 – Your Inside Look on how financially literate our teens are today!
About The Book
After our three-year journey and through an unforeseen global shutdown, we have completed our financial literacy survey of over 1,000 participants. Our first look at the outcomes are at the totality of the responses. This overall look takes into account every high school grade level, gender, and school surveyed over this three-year period. From this vantage point, we will see the most common responses of the students that may give us a baseline measure to gauge other group responses in order to determine the financial literacy level of our students as well as the financial literacy culture in our community.
This is the goal. To determine the level of financial literacy and the culture our students associate with money. Many of the questions are not necessarily right or wrong, but are structured to reveal behavior, mindset, and if they know how to apply proper money management.
In total, we surveyed 1,078 students, in 11 different schools, in three different cities over the 3-year period.
What’s inside
Questions
Reasoning behind each question in the survey
Graphs
Visual results from each question asked
Section Summaries
Explanations of findings
Survey Conclusion
Action steps neccesary to increase financial literacy
Survey Conclusion
It is clear that we have a great deal of work to do in the area of financial literacy with our young people. Though, we can see that the effort to teach financial literacy has improved and made an impact in the lives of young people in the Wichita and surrounding areas, it is imperative that we create more opportunities for them to apply the information they have learned. It is also important that we make an effort to start teaching financial literacy at a much younger age. The 9th grade students are coming into high school with very little knowledge. If we can begin with foundational teaching in elementary school or even in early childhood, we will be able to see a greater increase in financial literacy by the time young people advance to high school.
More importantly, community members, such as financial institutions and educational organizations need to work together to provide strategies that will give young people access to financial resources so that they can work toward financial independence.
There are other results that we will share at a later time by focusing on the zip codes and various schools to evaluate outcomes. We will also have even more results through reviewing gender and grade levels. If you have any questions regarding our study, please reach out to us via email or visit our website.
We would like to give honor to Emprise Bank and Southwest National Bank for their contributions which assisted us with the funding of this survey. Your long-lasting support of The Youth Educational Empowerment Program (YEEP) is highly appreciated and has impacted the lives of our young people by placing them on the trajectory toward a brighter future!
Graphs
Pages
After seeing the results of the survey, we determined that with the findings, it would be important to freely share with other compatible organizations so that in unison, we could use the data we collected to better our community and empower our youth.
About YEEP
The Youth Educational Empowerment Program (YEEP) established in 1997 is a financial literacy-based non-profit organization that focuses on educating young people from birth to 24 to make adequate financial decisions inspiring them towards financial independence.
Since our inception, we have inspired thousands of students mostly in the Wichita Metropolitan Area. Initially, we offered classes to high school students in a 16-week program, once a week. After a few semesters, one local school district added financial literacy to their graduation requirements as our organization and a few other like-minded organizations gave guidance. After that time, our program shifted its focus to developing curriculum for elementary school students with our Mr. CoolMoney hero.
Want to see the results by grade, gender, ethnicity, and zip code.
Financial Literacy Survey Vol. 2
With the results from this book, we will be better equipped to provide the proper resources and training for our young people.
Stay Updated with our findings
Complete the form below to stay updated with our findings as well as our progress as we and our partners work together to provide a greater foundation of Financial Literacy for the youth in our community.
