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Average Score Segmented by Ages to Date
Nearly 25,000 people from all 50 states have completed the National Financial Literacy Test – a 30 question test designed to measures participants’ ability to earn, save and grow their money. The test questions cover the ten subjects covered in the Financial Literacy Framework & Standards and were written to measure 3 key areas: motivation to learn, subject knowledge and recognition of the first step. Although the national financial literacy test was specifically designed for 15 to 18 year olds, people of all ages have taken part in this assessment. See how they did below:
Average Score Segmented by All Participating Ages to Date
Featured Testing Report:
Segmentation by Questions – All Respondents
The NFECs financial education test measures each of the ten areas covered within the financial literacy standards These topics include: Financial Psychology, Credit & Debt, Accounts & Budgeting, Skill Growth, Income, Business Relations, Long-Term Planning, Risk Management, Investments and Social Enterprise.
The NFECs National Financial Literacy Test measures each of the aforementioned subjects and breaks the test down into three distinct areas that impact ones financial capability.
The NFEC recognizes the importance of measuring all these elements that go into developing a successful financial literacy campaign. With these three areas of measurement, a comprehensive financial education initiative can be designed which will maximize the results of the participants.
Conducting financial literacy tests can help your organization evaluate your financial education program, the instructors and can directly impact you’re funding. Administering testing before and after your financial literacy program is an important part in developing a sustainable campaign.
The NFEC includes quizzes and test with their entire financial literacy curriculum (free lesson plans) and events. In addition, the NFEC offers customized financial literacy testing, measurement and long-term studies that measure the change in behavior.
With comprehensive pre and post testing your organization stands a better chance of receiving financial literacy funding. This may help your organization sustain your programs and reach more people with the training.
Gathering quantitative data can measure the students understanding and the overall effectiveness of your financial education program. Learn more about the National Financial Educator Councils’ tests that are included in our curriculum and financial literacy programs.
To learn more about the National Financial Educators Councils’ financial literacy tests complete the form located on the contact us or the solution center page to learn more.