What is working and what needs improvement?
Once your students’ needs have been determined and your program has been tailored, the third step is to assess what should be improved. This step provides information on what has changed since you started your financial education program and what adjustments would boost student achievement.
Do your students need financial education?
The first step in this evaluation provides a baseline understanding of the problem of financial illiteracy among the young, in particular among your students. Identifying what your students already know gives you a starting point.
Utah has been a leading state in personal finance instruction and has had a relevant graduation requirement for the last ten years. In 2018, Utah conducted an extensive audit of its personal finance instructional program to understand its strengths, weaknesses, and impacts.