The international financial literacy PISA study surveys 15-year-olds all over the world to assess and compare how well different countries educational systems prepare their youth for full participation in society (real-life situations not necessarily taught in schools). They found that the United States is just average.
We have included as part of Budget Challenge a pre/post survey modeled after the PISA. While this is NOT a PISA study, the questions are designed to be extremely similar and we surveyed high-school aged students. We have also placed the 10+ week Budget Challenge experience in between the pre and post tests to see how our learn-by-doing approach improves the scores. Here are our results from surveying 40,343 students in the spring of 2016.
- Understanding Invoice Terms – Up 23%
- Understanding Paystub Deductions – Up over 100%
- Understanding Invoice Credits and Amounts Due – Up 15%
We also ask students what they learned at the end of each simulation. Here is what over tens of thousands of students said:
Student Results Spring 2017 (n=54,392) *NEW*
Student Results Spring 2016 (n=47,109)
Student Results Fall 2015 (n=29,614)
We also are committed to making our program continuously meet the needs of teachers in the classroom, so we ask for teacher feedback after each simulation. Here is what hundreds of teachers said that played in the Fall of 2015
Teacher Feedback Spring 2017 (n=1,348) *NEW*
Teacher Feedback Spring 2016 (n=1,173)
Teacher Feedback Fall 2016 (n=894)