Date of Graduation
5-2024
Document Type
Thesis
Degree Name
Bachelor of Science in Business Administration
Degree Level
Undergraduate
Department
Finance
Advisor/Mentor
Jandik, Dobrina
Abstract
This paper presents literature review and qualitative analysis of the need to mandate financial literacy courses at the high school level. It breaks down the importance of financial education and highlights the benefits in terms of confidence and mental health and its current state in the US with states that require the curriculum. Then it discusses the consequences on mental and physical health by studying the impact of cortisol, the “stress hormone”, within the scope of necessary policy change and in the context of country comparisons around the world. Next it provides counter arguments and objections that debate which classes are deemed necessary in a high school degree. The paper ends with successful models and best practices that high schools have already implemented.
Keywords
Financial Literacy; Financial Education; Curriculum Implementation; Financial Teaching; Policy Change
Citation
Alford, A. (2024). Financial Literacy for Life: Mandating Financial Literacy in the Classroom. Finance Undergraduate Honors Theses Retrieved from https://scholarworks.uark.edu/finnuht/127
