Understanding the long-term benefits of a latino financial literacy education program

Abstract

The long-term impact of a Latino financial literacy program was evaluated with a sample of relatively recent immigrant populations in southern Minnesota. Telephone and face-to-face interviews were conducted with participants 6 months post program completion. Results indicate that improvements in knowledge and skills were retained and that these learning were applied to make improvements in participants' financial situations. Participants acknowledged that more important than gaining knowledge was learning how to apply what they have learned. Implications for Extension are offered in terms of those factors that promoted the effectiveness of the financial literacy education. © 2013 Extension Journal Inc.