Semester
Spring
Date of Graduation
2025
Document Type
Dissertation
Degree Type
DBA
College
Chambers College of Business and Economics
Department
Accounting
Committee Chair
Jack Dorminey
Committee Co-Chair
Jeffrey Hobbs
Committee Member
Jeffrey Hobbs
Committee Member
L. Christian Schaupp
Committee Member
Elizabeth Vitullo
Abstract
John Adams once stated that “All the perplexities, confusions and distresses in America arise not from defects in their constitutions or confederation, not from a wont of honor or virtue, so much as from the downright ignorance of the nature of coin, credit, and circulation” (Adams, 1787). Yet the apparent lack of dedication to the financial literacy of the U.S. population seems contrary to one of our Founding Father’s sentiments. Implementation of a financial literacy curriculum at the secondary education level can be described as ad hoc at best. Using delinquency data and the financial literacy programs of all 50 states, I examine the association between the type of financial literacy program and the delinquency rates for credit cards, auto loans, and mortgages. I find that the states that implement a rigorous stand-alone required course are associated with lower delinquency rates in all three categories. The results for the less robust financial literacy implementations are mixed, and in some cases counterproductive, reinforcing the importance of the more rigorous approach.
Recommended Citation
Baker, Roy Jr., "Financial Literacy as a Predictor for Future Financial Outcomes" (2025). Graduate Theses, Dissertations, and Problem Reports. 12730.
https://researchrepository.wvu.edu/etd/12730