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Spring 2016

ISSN 0890-913X

Volume 31, Number 1

Categories: Spring 2016 | Economic education

A Collaborative Approach to Financial Literacy in the Chicago Public Schools

Eric A. Hagedorn, University School of Milwaukee

Mark C. Schug, University of Wisconsin - Milwaukee

Mary Suiter, Federal Reserve Bank of St. Louis

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TheJournalofPrivateEnterprise31(1),2016,79–90ACollaborativeApproachtoFinancialLiteracyintheChicagoPublicSchoolsEricA.HagedornUniversitySchoolofMilwaukeeMarkC.SchugUniversityofWisconsin-MilwaukeeMarySuiterFederalReserveBankofSt.Louis______________________________________________________AbstractThispaperdescribesaneconomicandfinancialeducationprogramattheelementarygradesinvolvingacoalitionofpartnersinChicago.Weprovideabriefoverviewoftheresearchliteratureforthesegrades.Then,wedescribehowacurriculumwasimplementedandevaluatedintheChicagoPublicSchools.Anattitudesurveywasadministeredtostudentsasapreandpost-test.Over2,500individualtestsfrom48schoolsand110librarianswerematched.Themeasuredchanges,whileoftenmodest,werestatisticallysignificantandlargeenoughtoindicatethatthepositivechangesmaybeattributedtothecurriculum.Anecdotalresultsarealsoreported.______________________________________________________JELCodes:A21Keywords:economiceducation,pedagogy“Teachingataninner-cityschool,withhighcrime,violence,andpovertydemandsthatweeducatorsdoeverythingwithinourmeanstoeducatestudentsontheimportanceofmanaginglimitedfinances.Thiswillhopefullyencourageparentstobemindfulofitalso.Thisisatopicthatshouldbetaughtasearlyaspossibleinordertocurtailthemindsetoffastmoneyearnedonthestreetsandgamblingbeingtheonlywaytoimproveone’sfinancialcircumstancesinlife.”—ChicagoTeacher-Librarian(surveyresponse)I.IntroductionThispaperdescribeshowacoalitionofpartnersidentifiedandimplementedafinancialliteracyprogramforChicagopublicelementaryschoolstudents.Itestablishesawidercontextwithintheresearchliteratureregardinghowchildrenlearnprinciplesand

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Metadata [hide]

Title	A Collaborative Approach to Financial Literacy in the Chicago Public Schools
Authors/Creators:	Eric A. Hagedorn, University School of Milwaukee Mark C. Schug, University of Wisconsin - Milwaukee Mary Suiter, Federal Reserve Bank of St. Louis
Year:	2016
Volume:	31
Number:	1
Pages:	79 - 90
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	economic education, pedagogy

Citation:
Hagedorn, Eric A.; Schug, Mark C.; Suiter, Mary / 2016. "A Collaborative Approach to Financial Literacy in the Chicago Public Schools." The Journal of Private Enterprise, 31(1): 79-90.