ERIC Number: EJ1279880
Record Type: Journal
Publication Date: 2020
Pages: 16
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-1052-3073
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Available Date: N/A
Use of Visualization Tools to Improve Financial Knowledge: An Experimental Approach
Kothakota, Michael G.; Kiss, D. Elizabeth
Journal of Financial Counseling and Planning, v31 n2 p193-208 2020
This study examined the use of data visualization to improve financial literacy in adults. Using financial knowledge questions as test items this study used an experimental approach. Poisson regression was conducted on responses from 1,797 participants to an online survey via SurveyMonkey. Approximately one-third of respondents were assigned to a text-only group explaining a financial concept, one-third to a group that received a visualization plus text explanation of the concept, and one-third to a control group with no intervention. The findings suggest visualization of data assist in assimilation of financial knowledge compared to no intervention and to text interventions. The study has implications for financial education programs attempting to implement interventions in order to improve financial knowledge.
Descriptors: Visualization, Money Management, Online Surveys, Adults, Intervention, Comparative Analysis, Synchronous Communication, Telecommunications, Handheld Devices, Instructional Effectiveness, Counseling, Planning, Participant Characteristics, Test Items, Tests
Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: https://connect.springerpub.com/content/sgrjfcp
Publication Type: Journal Articles; Reports - Research; Tests/Questionnaires
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
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Author Affiliations: N/A