User:Page zenner/sandbox

SCHOLARLY JOURNAL CITATIONS
Farinella, J., Bland, J., & Franco, J. (2017). The Impact of Financial Education on Financial Literacy and Spending Habits. International Journal of Business, Accounting, & Finance, 11(1), 1. Retrieved from http://ezproxy.shsu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=edb&AN=123754481&site=eds-live&scope=site

Guest, R., & Brimble, M. (2018). Financial Literacy 101. Policy, 34(1), 3–7. Retrieved from http://ezproxy.shsu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=130164691&site=eds-live&scope=site

MY RESEARCH BASED ON SCHOLARLY JOURNALS
In its 2012 study, the Program for International Student Assessment (PISA) reviewed 18 countries based on the financial literacy scores of 29,000 15-year olds, GDPs, and Gini Index. The data suggests financial literacy is positively correlated with social equality and higher GDP. The study also concludes that personal finance courses taught in high schools do not increase financial literacy, but applying the information as part of another course does decrease the likelihood of incurring debt. A possible cause for the ineffectiveness of financial literacy education in schooling years is inexperience or lack of opportunity to real-life application of the information. Thus, it would be helpful to view the acquisition of financial capability skills as a lifelong process that adapts to life circumstances and different stages. The PISA study suggests that parental involvement in financial decisions increased students' financial literacy scores, suggesting intergenerational financial discussions are key in improving financial capability.

Universities can support financial literacy education not only through business school programs, but by capitalizing on the existing structures of those programs to provide a core financial literacy course to all undergraduate programs or creating free online material to engage the community.

Another economic strategy for financial literacy education in communities is to partner with the stakeholders that most directly impact consumer decisions through various life stages (i.e. mortgage lenders). This would capitalize on the existing strengths and relationships of stakeholders.

In a study observing seven countries with well developed financial markets, data suggested participants were more literate regarding inflation if it had recently occurred in their country and more aware of risk diversification if pension privatization had occurred.

The Reserve Bank of Australia is worried about adult financial illiteracy rates increasing since the global financial crisis of 2008-09, specially regarding interest-only mortgages and identifying good investments. Data from the Australian Productivity Commission shows that the productivity of the nation's economy is threatened by the population's inefficiency in allocating capital and vulnerability to scams and unmanageable debt.

Australia's National Financial Literacy Strategy 2014-17 lacks funding incentives awarded to successful outcomes of high school literacy tests and is considering the OECD's guide and the PISA study to develop measurable indicators for financial literacy tests. These school funding incentives could help favorably position a financial capability curriculum when politically considered against other curriculum projects in grade schools.

Financial capability can be a preferred term in the financial literacy movement because it takes into account the skills, behaviors, and attitude patterns in consumer engagement as opposed to only the abstract understanding of the financial system. Considering capabilities allows problems to be reframed from the perspective of accountability in consumer behavior. For example, a government would focus on requiring financial literacy tests on any debt applications instead of more heavily funding high school education programs.

NGLI 1101 ASSIGNMENTS WORKING ON DRAFT (TOWARDS THE FINAL PROJECT)

 * Use the Wikipedia brochure as a guide towards the final project
 * Research to provide information on the article
 * Improve article
 * Revise information
 * Correct grammatical issues or problems with bias
 * Double check their already used sources
 * Improve the piece with my research
 * Develop the article further
 * Read the Talk Page to better understand how to help

EDITING AN EXISTING ARTICLE (Drafting in the Sandbox Exercise)
Financial Literacy, including personal financial planning concepts and tools, should be taught to youths early on in High School. This financial education should include concepts like the 50/30/20 Budgeting Rule, the Rule of 72 and Time Value of Money. The 50/30/20 rule recommends spending 50% of one's income on life necessities like housing and food, 30% on entertainment like travel and dining, and 20% to be saved for short and long term needs. The rule of 72 calculates the amount of time it takes for an investment to double once by dividing 72 over the interest earned. A third concept is the Time Value of Money (TVM) which calculates a future value of an initial or annual investment.

What to improve:


 * The link does not work and is of questionable authority for that entire paragraph
 * Maybe can still find sources regarding the benefits of financial literacy taught to youth and which specific concepts

ARTICLE EVALUATION
Observations and learnings related to Wikipedia Article Language of Flowers

Content


 * The content in the article is relevant to the topic, but a lot is missing
 * I was distracted by how it is biased towards Western art and literature
 * It does not discuss the impact or cultural implications
 * It could have contained a table examples of the floral and word associations

Tone


 * The article is not neutral because it is biased towards Western art and literature
 * Eastern views are underrepresented
 * Viewpoints of the impact of these words are underrepresented
 * Viewpoints from the growers of these plants are underrepresented

Sources


 * All of the citations lead to a working, relevant website
 * Not all of the websites are the most reliable of their field, some are just blogs
 * Some sources are used to point to the existence of a book but doesn't have the specific quote or pages from the book

Talk Page


 * This article is part of Wiki Projects History and Wiki Projects Plants
 * The conversations going on about this article are currently mostly focused on why or why not it would be beneficial to have a table of attached meanings
 * The conversation illustrated how indentation works, how others politely point out what's wrong without taking it personally, and how to address differences
 * The conversation varied a little from what we discussed in that there is a lot of redundancy in the comments, but it does push contributors to explain themselves more
 * I added a new section explaining that Eastern civilization is underrepresented since it's not a current thread being discussed
 * I signed my name with four tildes to practice Wiki code