Teens' financial knowledge and behavior

Personal Finance February 06, 2017 Print Friendly and PDF


Danes, S. M., & Haberman, H.R. (2007). Teen financial knowledge, self-efficacy, and behavior: A gendered view. Financial Counseling and Planning, 18(2), 48-60.


Brief Description: This study explored gender differences in financial knowledge and behavior among high school students after studying a financial planning curriculum. Females believed that managing money affected their future more than males, but males felt more confident making money decisions. Males reinforced existing knowledge while females learned significantly more about finances in areas where they were unfamiliar.

Implications: The findings of this study provide evidence that financial education is linked to changes in knowledge and behavior, particularly for females. Thus, there is a clear rationale for parents and financial professionals to encourage schools to include personal finance in their curriculum and to advocate toward mandating financial education. Financial courses prepare students to manage their income over a lifetime, but in different ways for males and females

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This work is supported by the USDA National Institute of Food and Agriculture, New Technologies for Ag Extension project.