Knowledge and skills for financial decision making-Low-Favorable impacts

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Displaying 1 - 10 of 11

Combining adult education and professional development best practices to improve financial education teacher training (Hensley, Jurgenson, & Ferris, 2017)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Low Causal Evidence
The study's objective was to examine the impact of teacher-as-learner professional development on personal finance on knowledge and skills for financial decision making. This study uses an…
The short-term effectiveness of a college-based financial reality simulation in building financial awareness (Hunter & Gillen, 2015)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Low Causal Evidence
The study's objective was to examine the impact of the It’s Your Reality (IYR) simulation program on financial knowledge and behaviors. The study used an interrupted time series design to…
Workplace financial education and change in financial knowledge: A quasi-experimental approach (Horwitz et al., 2021)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Low Causal Evidence
The study's objective was to examine the impact of a workplace financial education program on financial knowledge. The study used a nonexperimental design to compare the outcomes of employees…
Application of situational stimuli for examining the effectiveness of financial education: A behavioral finance perspective (Fan & Chatterjee, 2018)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Low Causal Evidence
The study's objective was to examine the effect of situational stimuli in a financial education intervention on investment knowledge. The study design was a randomized controlled trial…
Does financial education affect soldiers' financial behavior? (Working Paper No. 2009-WP-08) (Bell et al., 2009)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Low Causal Evidence
The study’s objective was to examine the impact of a financial education program on financial behaviors. The study used a nonexperimental design to compare outcomes of soldiers who participated…
Workplace financial education facilitates improvement in personal financial behaviors (Prawitz & Cohart, 2014)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Low Causal Evidence
The study’s objective was to examine the impact of a workplace financial education program on financial behaviors. The study used a nonexperimental design to compare the financial behaviors of…
Evaluating a financial education curriculum as an intervention to improve financial behaviors and financial well-being of survivors of domestic violence: Results from a longitudinal randomized controlled study (Postmus et al., 2015)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Moderate Causal Evidence
The study’s objective was to examine the impact of the Moving Ahead Through Financial Management program on financial knowledge, financial intentions, and financial behavior outcomes. The study…
A community-based randomized controlled trial of an educational intervention to promote retirement saving among Hispanics (Blanco et al., 2020)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Low Causal Evidence
The study’s objective was to examine the impact of the program “Yo Planeo Retiro” on knowledge for retirement savings. The study was a randomized controlled trial, assigning eligible…
Five steps to planning success: Experimental evidence from US households (Heinberg et al., 2014)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Low Causal Evidence
The study’s objective was to examine the impact of the Five Steps program provided in three different formats (video, written narrative, video and narrative) on financial literacy knowledge for…
Five steps to planning success: Experimental evidence from US households (Heinberg et al., 2014)
Study Type: Causal Impact Analysis
Causal Evidence Rating: Low Causal Evidence
The study’s objective was to examine the impact of the Five Steps program provided in three different formats (video, written narrative, video and narrative) on financial literacy knowledge for…

CLEAR Icon Key

Below is a key for icons used to indicate important details about a study, such as its type, evidence rating, and outcome findings.

High Causal Evidence

Strong evidence the effects are caused by the examined intervention.
Moderate Causal Evidence

Evidence that the effects are caused to some degree by the examined intervention.
Low Causal Evidence

Little evidence that the effects are caused by the examined intervention.
Causal Impact Analysis

Uses quantitative methods to assess the effectiveness of a program, policy, or intervention.
Descriptive Analysis

Describes a program, policy, or intervention using qualitative or quantitative methods.
Implementation Analysis

Examines the implementation of a program, policy, or intervention.
Favorable

The study found at least one favorable impact in the outcome domain, and no unfavorable impacts.
Mixed

The study found some favorable and some unfavorable impacts in the outcome domain.
None

The study found no statistically significant impacts in the outcome domain.
Unfavorable

The study found at least one unfavorable impact in the outcome domain, and no favorable impacts.
Not applicable

Not applicable because no outcomes were examined in the outcome domain.
Favorable - low evidence

The study found at least one favorable impact in the outcome domain, and no unfavorable impacts. The study received a low causal evidence ratings so these findings should be interpreted with caution.
Mixed - low evidence

The study found some favorable and some unfavorable impacts in the outcome domain. The study received a low causal evidence ratings so these findings should be interpreted with caution.
None - low evidence

The study found no statistically significant impacts in the outcome domain. The study received a low causal evidence ratings so these findings should be interpreted with caution.
Unfavorable - low evidence

The study found at least one unfavorable impact in the outcome domain, and no favorable impacts. The study received a low causal evidence ratings so these findings should be interpreted with caution.