Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/263618 
Authors: 
Year of Publication: 
2022
Series/Report no.: 
IZA Discussion Papers No. 15402
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Concerned about low levels of financial literacy among teens and the importance of their looming financial decisions as emerging adults, state policymakers have expanded high school personal finance graduation requirements. Did these added requirements create an additional barrier for students? Comparing students in states with and without standalone personal finance course requirements before and after the requirements went into place, there is no evidence that these requirements reduced graduation rates overall, by race, by gender, or by family income. Existing research quantifies improvements in debt and credit behaviors, and these findings suggest there are not simultaneous adverse effects overall or for at-risk students.
Subjects: 
high school graduation
personal finance
financial education
JEL: 
G53
D14
I24
Document Type: 
Working Paper

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