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Strayer University Disparities in Financial Education Discussion
Greetings Class,
The organization featured in my Capstone project is the United States Department of Education. My hypothesis is as follows: If the Department of Education would proactively utilize its platform to promote the equitable distribution of financial education within the primary, middle, and secondary stages of education, there would be a significant reduction in the socioeconomic anomalies associated with financial illiteracy, and an enhancement of the financial health and quality of life in young adults within the US (1).
The analytical tools that I would like to use are mainly Correlation, Grouping, and Visualization (2). It would not be feasible to argue that financial education (or the lack thereof) has a causal relationship with societal woes such as poverty. However, a strong correlation between financial education and wealth could be established and greatly supported by the correlation between financial illiteracy and poverty (3).
If this study were an attempt to determine the disparities in financial education among minority demographic populations, a regression analysis would be beneficial because the question would demand the identification of the specific variables that led to such disparities (4). Grouping and Visualization would greatly aid due to the chronological format of the historical data that is utilized. Statistical data could be easily explained and have greater understandability when presented in a graphic format where stakeholders can visualize the impact of variances. There’s a strong likelihood that the quantitative and statistical nature of the data gathered confirmed the validity of the testable hypothesis.
