Purpose: This study investigates how students' propensity towards indebtedness affects their savings behaviour. Additionally, the study examines the moderating role of financial literacy in the relationship between propensity towards indebtedness and savings behaviour. Design/methodology/approach: Questionnaires were administered to undergraduate…

This research explores responsible investment practices at Canadian and international universities. We analyze universities' "Statement of Investment Policy and Procedures" and "Responsible Investing Policies" to understand how responsible investing is included and how this varies by region. Our results show that most…

The purpose of the school curriculum could be to prepare pupils for a satisfying and fulfilling life, to prepare pupils for the needs of the economy or to pass on the wisdom of society accumulated over time. In this article I use the example of enterprise education, including financial capability, to show how the current English schools'…

Around the world, parental financial socialization now heavily depends on the educational attainment of the parents. This study looked into how parental financial socialization varied depending on the educational attainment of the parents. Parental financial behavior, financial monitoring, financial discussion, financial communication, and…

There are many different schooling options, and we welcome them all under the broad umbrella of choice. But not all educational choice programs are created equal. EdChoice highlights and promotes the programs that create the most pathways for students to lead successful lives. This guide focuses on education savings accounts (ESAs), tax-credit…

This study involved 54 peer financial mentors from seven institutions to explore their challenges when working with mentees. Challenges included: mentees presented financial concerns that exceeded the mentors' ability, mentors frequently lacked the financial knowledge to provide highquality peer financial mentoring, and the shift in programming…

This paper presents the findings of a study involving 16 undergraduate students enrolled in a basic financial mathematics course. The study aimed to examine the nature of the students' problem-posing and problem-solving products and processes, as well as the interactions between the two. The findings revealed that the majority of the posed…

This study highlights the importance of incorporating subjective measures of identifiable problematic money issues in financial education workshops conducted by extension specialists. Addressing problematic money behaviors such as overspending, financial infidelity, and financial enabling empowers individuals to overcome harmful financial habits…

Universities are facing increasing external pressures to compete for external funding and to develop mixed economies comprising both state budget funding and external sources. This study aims to provide empirical and theoretical insights by utilising the Resource Dependence Theory and the Ecology of Games Metaphor to examine how Finnish…

Universities face an uncertain funding environment and turbulent marketplace. Financial scenario modelling offers a potential mechanism to assist in navigating a way forward. Our previous paper on UK universities' practice found some variation in the sophistication of the approaches taken, but the overall impression was of a relatively simple…

Research has shown that even though standardized financial education has gained prevalence to promote financial literacy over the past decade, it has had little effect on personal financial planning. The present study used a randomized control trial to examine the effectiveness of a Python-based personalized financial projection on young working…

As more adults with intellectual and developmental disabilities move into inclusive settings in the community, it is essential to address budgeting and finance issues to avoid real concerns of financial exploitation. Adults with intellectual and developmental disability often comprise the "working poor", even if they are among the 20%…

This paper measures the effects of subsidies in the Affordable Care Act on adverse financial outcomes using administrative tax data and credit data on financial outcomes. Using a difference-in-differences design with propensity score reweighting, I find that at $100 per capita, ACA premium tax credits and cost-sharing reduction subsidies reduced…

In June 2023, the Commonfund Institute hosted 36 nonprofit leaders on the campus of Yale University for our premier educational event -- the Investment Stewardship Academy (ISA). Much has changed since the last convening in 2019 -- a global pandemic, a deep racial reckoning, war in Ukraine, inflationary pressures, ongoing and distressing impacts…

For young people, financial literacy is important because they face financial decisions that can have significant consequences throughout their lives, such as investing in a college education or a business, shopping, buying books or computer games. Therefore, this study examined the relationship between the financial literacy levels of young…