I found it quiet depressing that financial literacy classes within schools seem to provide little to no benefit to students in the long run. The Oklahoma financial syllabus looks comprehensive and very grounded in real life, yet students don't seem to be able to apply what they learn later in life.
Just 17 states require personal finance courses for students, and only six test students on what they've learned. But those classes don't seem to make much difference anyway: students who took a semester-long class in personal finance fared below average on the Jump$tart survey.
There is no evidence that the classes actually made students worse at managing money, the group wrote in its report. But it certainly didn't make them any better.
Academic research backs up that conclusion. A 2008 study from two Harvard Business School professors studied the relationship between education and saving and investing behavior. They found state-required financial literacy education had no effect on graduates' saving behavior later in life.
The money spent on financial literacy education, they concluded, produced little in return.
Possibly some research like what Derek Muller did