Financial Literacy App – Bridging the Gap for Marginalized Adolescents

The project

FiLapp

As part of the joint project FILapp, a mobile assessment is being developed to record and promote financial education among disadvantaged adolescents. Adolescents and young adults with low socio-economic status (lower quartile) and/or low general competences (literacy, numeracy) are particularly disadvantaged when it comes to acquiring and developing general financial education. The aim of FiLapp is to diagnose the everyday financial literacy of the target group and to promote it on the basis of performance feedback. Based on an in-depth domain analysis, the skills are modelled and everyday test scenarios are developed and validated using empirical studies. Everyday financial literacy encompasses the skills and attitudes relevant to everyday financial problems and decision-making situations. The project focusses on the development of an action-oriented assessment format for smartphones in order to increase accessibility and motivation for the target group. Based on the data from the central validation study, the assessment will be expanded to include automated feedback so that it can also be used as a formative assessment to promote financial literacy. The assessment environment and the scenarios developed will be made available as Open Educational Resources (OER) together with supplementary didactic materials for educational practice at the end of the funding phase.

https://www.bwl.uni-mannheim.de/rausch/forschung/filapp-financial-literacy-app/

https://fit.uni-tuebingen.de/Project/Details?id=11901