Data from the 2015 National Financial Capability Study and The Federal Reserve Bank of St. Louis are merged and analyzed to estimate the effect that access to financial education in high school has on the percentage of funds that are borrowed to acquire a home. A multivariate regression equation is estimates the relationship. The results suggest that those with access to financial education in high school borrow less, all else equal, when compared to those without access to financial education.
Author(s): Leobardo Diosdado, Charlene Kalenkoski, Donald Lacombe
