Gallup-Operation HOPE Financial Literacy Index (GOHFLI)

 In Money Habits & Attitudes Blog

operation_hopeThe initial GOHFLI results demonstrate that the hypothesized link between student success outcomes and financial literacy is a strong one and leaders must work to strengthen all the elements of a student’s success: hope, engagement, wellbeing, and financial literacy.

 

Ten additional questions were added to the Gallup Student Poll in October 2010 that specifically helped researchers determine levels of financial literacy. A convenience sample of approximately 70,000 U.S. students in grades 5 through 12 in 35 states participated in the GOHFLI portion of the survey. Findings and analysis revealed the following:

•Key Results:

oHopeful students are approximately 4 times more likely to qualify as financially literate than discouraged students

oEngaged students are approximately 4 times more likely to qualify as financially literate than actively disengaged students

oThriving students are approximately 4 times more likely to qualify as financially literate than suffering students

•Social Scientific Conclusions:

oResearchers found there is a relationship between hope, engagement, and wellbeing and financial literacy as measured by the GOHFLI

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