IDA financial education: Qualitative impacts

Research output: Contribution to journalArticle

3 Scopus citations

Abstract

This article reports qualitative impacts of a 16-hour Extension financial education program for Individual Development Account (IDA) participants. IDAs are matched savings accounts designed to help limited resource individuals save for goals that enhance long-term financial security. The reported here study provides evidence that a measure of program success, beyond IDA savings deposits, is providing learners with skills to make sound financial decisions. Six key themes emerged from participants' anecdotes: (a) increased financial awareness, (b) participant empowerment, (c) specific behavior changes, (d) increased personal control, (e) impacts on participants' family, and (f) evidence of financial education classes as a social support mechanism.

Original languageEnglish (US)
Article number6RIB7
JournalJournal of Extension
Volume44
Issue number6
StatePublished - Dec 1 2006

All Science Journal Classification (ASJC) codes

  • Education

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