Date Approved


Embargo Period


Document Type


Degree Name

M.A. in Educational Leadership


Educational Services and Leadership


College of Education


Sernak, Kathleen


Juvenile delinquents--Education; Finance, Personal--Study and teaching


Educational Leadership


The purpose of the project is to determine the effectiveness of a financial education curriculum on the understanding and application of financial resources to begin a financial plan for the future. This study will provide insight into the current financial practices and beliefs of incarcerated youth in the State of New Jersey and the impact the financial education curriculum has on the reliance of State aid and welfare.

The data was collected through a pen and pencil survey, informal interviews and record abstraction. The sample was derived from five New Jersey Juvenile Justice Commission programs and institutions. The sample was incarcerated juveniles from various counties in the State of New Jersey, primarily from low socio-economic backgrounds.

The survey and interviews indicate that there is a strong need to inform students in our nation about healthy financial practices. The interviews indicate that the students are comfortable relying on public assistance to survive and do not concern themselves with finding viable employment or saving money. It would be an asset to mandate a financial education curriculum in all programs and institutions so the students do not continue to contribute to the stunting of economic growth.