Table 1 — Demographic Characteristics (N=403) Table 3 - Chi-Square Tests for Grade, Gender and Grouping (N=403) Table 4 presents the mean scores for the control and treatment groups for the pre-test, post-test, and follow-up tests. We found that the treatment group had a pre-test mean score of 5.20, post- test mean score of 9.47, and a follow-up mean score of 8.96. In comparison, the control group had a pre-test mean score of 5.58 and a post-test mean score of 6.34, with a follow-up mean score of 6.81. Therefore, youth involved in the MSY program had an average increase of 4.27 points on the post-test, while the control group had an average increase of 0.76 points. Table 4 - Mean Scores for Pre-Test, Post-Test, and Follow-up Test by Control vs. Treatment Group (N=403) Figure 6 — Mean Test Scores for Fourth Graders Because we also observed a difference in test scores by grade level, we repeated the pre-test, post-test, and follow-up test ANOVA by group, performing separate analyses for fourth and fift graders. As illustrated in Figure 6, we found no significant difference in the mean scores between the control and treatment groups for fourth graders (F=2.36, p=.13). However, we four a significant difference in the post-test mean scores (F=66.92, p=.00) with youth in the treatmer group having a higher mean score of 8.70, compared to the control group mean score of 6.15. There was also a significant difference in the follow-up mean scores (F=26, p=.00) with the treatment group scoring 8.53, higher than the control group mean score of 6.53. For fifth graders, we found significant differences in the pre-test mean score (F=7.81, p=.006) a well as significant post-test mean score differences (F=45.09, p=.00) and follow-up test mean score differences (F=11, p=.001) (see Fig. 7). Interestingly, the control group had a significanth higher pre-test mean score of 6.80, compared to the treatment group’s mean score of 5.69. However, the post-test mean score for the treatment group increased to 10.50, which was significantly different from the control group post-test score of 7.06. At the three month follow up test, the control group’s mean score was 7.86, while the treatment group’s mean score was significantly higher at 9.93. Thus, despite the fact that the treatment group started out with significantly lower scores than the control group, the fifth grade students receiving MSY trainir demonstrated increased levels of financial knowledge relative to their peers who did not receive training, and this difference was also present three months after the program. Share of Students that Reported Engaging in Financial Behaviors Figure 8 — Results of Follow-up Survey (N=403)
