Preparing Graduates for Life’s Challenges – A Call for Mandatory Financial Literacy Education
DOI:
https://doi.org/10.33423/jhetp.v25i1.7559Keywords:
higher education, fixed mindset theory, growth mindset theoryAbstract
This research synthesis explores diverse aspects of financial literacy education, drawing insights from studies encompassing secondary schools, community-based programs, and higher education, with a focus on Hispanic populations. Comparative analysis reveals variations in financial literacy determinants, instructional strategies, and demographic influences. Recommendations include prioritizing comprehensive financial education legislation, refining curricula to address critical topics, and enhancing inclusive teaching approaches. Future research should explore tailored interventions for Management students attending Hispanic Serving Institutions (HSI), assess program effectiveness longitudinally, and delve into the nuanced sociocultural influences on financial literacy. These findings provide a foundation for developing targeted financial education initiatives and advancing the understanding of financial literacy dynamics, particularly within Hispanic communities. We conclude this research with a list of recommended financial literacy curricula based on Blooms Taxonomy.
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