Federal Reserve Bank of San Francisco

Community Development

Improving Evaluation and Metrics in Youth Financial Education

Author(s): Laura Choi and Carolina Reid, Federal Reserve Bank of San Francisco; Michael Staten, University of Arizona; and Richard Todd, Federal Reserve Bank of Minneapolis

July 1, 2011

Community Development Working Papers

The Federal Reserve Bank of San Francisco, the Take Charge America Institute at the University of Arizona, and the Federal Reserve Bank of Minneapolis invited a small group of researchers and practitioners to discuss how to improve the evaluation and metrics of youth financial education programs. The meeting focused specifically on youth — which we defined as individuals under the age of 25 – in an effort to distinguish this effort from others that have discussed financial education research more broadly. The goal for the meeting was to help create a research agenda that would move the field towards the development of clearly defined outcomes for youth financial education, metrics for capturing ROI, and quality standards for curriculum and delivery that would serve as “best practices” for educators seeking to offer effective financial education interventions.

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