Practices and Challenges of Asset Formation and Investment Education in High School

Abstract

We developed and practiced asset formation and investment lesson because of high request on financial education. The lesson is mainly focusing on lowering the age of adulthood, contract understanding, asset formation, and investment for 1,055 students of six high schools. The purpose was to elucidate the appropriateness of lesson content and suggest the challenges for financial education. We analyzed the lessons through a preliminary questionnaire, students’ understanding of the content, and a post-questionnaire. The results indicated a deepened understanding of lowering the age of adulthood and contracts. Although there was no significant increase in interest in investments post-lessons, there was greater recognition of the importance of studying investments during high school. As financial education will increase, it is important to develop new lessons on financial education and make them available to teachers immediately.