Jun 06, 2022

NGPF Podcast: Dr. Carly Urban on the State of Financial Education in 2022

What percentage of high school students have access to financial education in 2022? Get answers to this question and more in this informative podcast with Carly Urban.  

If you ever wondered what the state of financial education is in your county, state or nationally, then there is no better source than Dr. Carly Urban. If you have every taken a look at the Got Finance? map on the NGPF website which tracks information on over 10,000 high schools, you have seen firsthand the handiwork of Dr. Urban and the team at NGPF. In this podcast, NGPF's Christian Sherrill  will discuss with Carly the 2022 edition of the State of Financial Education Report. She has lots of great news to share both on the access front as well as her recent research showing the positive impacts of financial education. She will also share what she learned from analyzing implementation practices of this essential course in three states. Enjoy! 


  • 0:00~1:36 Introduction
  • 1:36~8:19 The state of financial education
  • 8:19~12:40 Three case studies: North Carolina, Arkansas, and Iowa
  • 12:40~17:10 Inequities in access to personal finance education
  • 17:10~23:47 Financial education improving financial behavior
  • 23:47~28:56 Meta-analysis of the 76 studies
  • 28:56~29:19 A word from NGPF
  • 29:19~32:25 Cost of adding personal finance as a graduation requirement
  • 32:25~34:03 The impact of this research
  • 34:03~35:35 FOMO effect of implementing personal finance
  • 35:35~36:58 Conclusion



  • “We know that the demand [for financial education] is there. If we boil the research down really quickly, you can say that requiring personal finance education in high school improves debt and credit outcomes in the long run and there is no evidence that it keeps them from graduating.”


Inspired to advocate? Be sure to check out NGPF Advocacy tools.

About the Authors

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

Ren Makino

Ren started interning at NGPF in 2014, and worked part-time through high school and college. With his knowledge growing alongside NGPF, he joined the team to work full-time after graduating from college in 2020. He is also the producer of the NGPF podcast. During his free time, he likes to try out coffees from different roasters across the world.

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