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Research · Issue area · Financial Education Measurement
Behavioral Measurement in Personal-Finance Education
Personal-finance curricula reach 30 million U.S. K-12 students annually on largely-untested behavioral assumptions. What measurement-grade evidence shows which interventions actually predict adult financial outcomes?
Validated psychometric instruments and outcome-grounded research for the financial-literacy curricula that personal-finance education depends on.
About this issue area
Twenty-seven U.S. states now mandate personal-finance graduation requirements, and federal-level financial-education programming reaches an even larger audience through CFPB and state-DOE-coordinated curricula. The policy-mandate momentum has materially outpaced the research base on whether curriculum-level interventions actually predict adult financial outcomes — savings rates, credit-management capability, retirement-readiness, financial-stress resilience.
The Institute of FAME funds research that closes that measurement-evidence gap. The institute's flagship instrument-development program — the Maturity Type Indicator (MTI) — is one of the few institutionally-owned, bond-anchored behavioral instruments developed specifically for financial-decision-making contexts, currently in Phase 1 validation under FAME's research program. Once validated, MTI is licensed to qualifying state-DOE, educator-research, and consumer-research partners on equivalent terms.
The issue area's research questions span: which behavioral patterns at the student level predict adult financial outcomes; which curriculum interventions move those patterns and which do not; how measurement instruments themselves can be evaluated for predictive validity in the populations they are deployed against; and how validated measurement evidence should shape state and federal financial-education policy.
Evidence base
FAME-funded and affiliated research in this area
Peer-reviewed publications that anchor FAME's standing in this issue area.
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IEEE Access, 9, 167812–167826
Active programs
FAME programs producing evidence in this area
Forthcoming outputs
- — Phase 1 MTI validation paper (target: Journal of Behavioral Finance)
- — Policy brief on the measurement-evaluation gap in financial-literacy curricula
- — Open MTI licensing program for qualifying state-DOE and educator-research partnerships
Policy actors we engage in this area
- CFPB Office of Financial Education
- U.S. Department of Education, Office of Innovation and Improvement
- State Departments of Education with personal-finance graduation requirements
- FINRA Investor Education Foundation
- Council for Economic Education curriculum partners