The 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:
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