Financial literacy programs are quickly gaining in popularity around the globe. A relatively new target group is survivors of intimate partner violence (IPV), an economically vulnerable group for whom resource acquisition is related to personal safety and well-being. This study is a randomized controlled trial of a financial literacy curriculum designed for and delivered to a sample of 300 IPV survivors from 14 agencies in seven US states and Puerto Rico. Findings, based on difference-in-difference analyses and OLS regression models, indicate a strong effect of the curriculum on self-reported financial knowledge and behaviors and support the expansion of similar programs for survivors.
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More information about the financial literacy program, including descriptions of each curriculum module, can be found at: http://www.clicktoempower.org/financial-tools/curriculum-download.
The coefficients on the treatment variable when using unweighted data are: Model 1 = 1.050 (0.088); Model 2 = 1.056 (0.087); Model 3 = 0.952 (0.087).
The coefficients on the treatment variable when using unweighted data are: Model 1 = 0.650 (0.098); Model 2 = 0.647 (0.097); Model 3 = 0.485 (0.092).
Descriptive results using repeated measures ANOVA are reported in (citation withheld for review).
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This project was supported by The Allstate Foundation, Economics Against Abuse Program. Points of view in this document are those of the authors and do not necessarily represent the official position or policies of The Allstate Foundation.
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Hetling, A., Postmus, J.L. & Kaltz, C. A Randomized Controlled Trial of a Financial Literacy Curriculum for Survivors of Intimate Partner Violence. J Fam Econ Iss 37, 672–685 (2016). https://doi.org/10.1007/s10834-015-9479-7
- Financial literacy
- Financial education
- Intimate partner violence
- Low-income families
- Program evaluation
- Randomized controlled trial (RCT)