Webinar: Financial Literacy is Financial Behavior

Teaching

We welcome Dr. Derrick Shepard to our conversation on Financial Literacy! In this webinar, he empowers teachers to explore financial literacy as a social means of communication, co-constructed through the lens of their other identities. Read more about Dr. Shepard below.

Financial Literacy is Financial Behavior

Dr. Derrick Shepard is an Assistant Professor at the University of Tennessee, Martin. His research interests include multiculturalism in counseling, social class awareness, skills related to counselor preparation and pedagogical practices in counselor education and supervision.

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Rubrics to Support Writers

Teaching

Dr. Christina Dobbs follows up her webinar with this blog to challenge instructors to create rubrics that grow writing literacy and result in positive student-teacher interaction. Read more about her at the end of the blog.


During the COVID-19 pandemic, I had planned a study of writing instruction at the university level that involved interviews with students and visits to introductory writing classes that would help understand how undergraduates had made the transition from high school to university writing.  But fate intervened and doing work to observe in class instructional spaces became complicated as we began to teach and work from home, and so I made a decision to just keep interviewing undergraduates about their experiences.  Eighty interviews later, I am so glad to have had the opportunity to talk deeply with a wide range of students about their experience of writing in school across their lives and whether and how they see themselves as writers. 

This work, alongside some other work with my colleague Chris Leider from UMass Boston, has caused me to spend time thinking deeply about the feedback we explicitly and implicitly give to students about their writing.  As a teacher, I always struggled to give feedback on writing in a timely way that still felt deeply engaged with the work, and students didn’t always use the feedback I gave them to improve their writing, which never felt good.  This new work about more effective and culturally sustaining feedback for students has helped me to understand what might have worked better in my own classroom and even in my own experience as a writer myself.

Across the work Chris and I have done with teachers over time and what I learned about feedback from my interviews with undergraduates, I have come to a new approach to feedback.  Here are two lessons learned across those projects.

Lesson #1:  Even if we didn’t know it, students remember our feedback, especially when they feel it was negative.

In talking with undergraduates about the feedback they received on their writing and times they felt proud of their writing, I was shocked by how much they remembered about feedback they had been given.  Students relayed memories from elementary, middle, and high school as well as college, and sometimes they still felt strong emotions associated with those memories.

They described memories when a teacher had made them feel as though their ideas were worth engaging and that they had written something thought-provoking.  They also described the positive experience of answering questions about their writing when feedback was given or feeling like their work inspired curiosity from the reader. 

They also relayed moments when they got feedback that made them feel like their teachers had not really engaged with their ideas.  This included times when they only got feedback on surface conventions or grammar, but it also included times when they just got a ‘good job’ or ‘great work’ too.  Somehow this insubstantial positive feedback also made students feel as though they had not written ideas worth engaging.

Most importantly, the writers often described wanting to improve their work, but feeling as though some feedback they received was not helping them to do so.  Some even described the feedback as showing them they actually would not be able to improve.  They described teachers who made them feel as though they were already supposed to know everything before they took the class and those who clearly conveyed that they could improve.

This has led to a few ideas about giving feedback that I carry forward:

  • Asking questions about the content seems to matter to many writers.
  • Encouraging writers through feedback at various levels of the work, from the overall idea to the conventions, can support students in viewing their work as substantial.
  • Telling students that they can improve, and we will help them to do so explicitly can convey our belief in students’ potential for growth.

Lesson #2:  It doesn’t matter what you say to students if your rubric says something else.

The rubrics we use to evaluate student writing often use harsh and deficit-driven language to separate students in particular categories.  Rubrics will have category labels such as ‘unsatisfactory,’ ‘below expectations,’ or ‘warning’ to delineate performance, with upper category labels with headings like ‘outstanding’ or ‘excellent.’ 

Then within categories, the statements to describe various levels of performance will have language such as:

  • Writer has little or no control over sentence structure.
  • Reasoning is incoherent or unclear.
  • The use of language fails to demonstrate skill in responding to the task. (This example is from the ACT rubric.)

The designers of rubrics such as these likely did not think they were harshly commenting on students as writers; in fact, they likely thought they were only commenting on the piece of writing at hand and how well it communicates.

But the personal nature of writing and the ways that writers use feedback and comparison to others to drive their own writing self-efficacy (Pajares, 2003; Pajares & Johnson, 1996) makes it clear that writers likely internalize some of this commentary as about themselves, even if the teacher giving feedback did not mean it as such.  Indeed, in my interviews with undergraduate students, they frequently described memorable feedback and harsh rubrics from many years earlier (going back to elementary) as drivers of whether they perceived themselves as writers in college years later. 

Chris and I developed a question framework to help guide teachers in redesigning rubrics in ways that still convey critical feedback to students in ways that feel encouraging and supportive.  We use these four questions to help teams of teachers we work with to revise rubrics to convey feedback in more supportive and equity-driven ways.  The four questions (from Dobbs & Leider, 2021) are as follows:

  • Does the rubric’s scale of values for judging responses suggest that students have room to grow?
  • Do the tools emphasize development and purpose when it comes to language use?
  • Does the rubric feedback connect student language to audience?
  • Does the tool explicitly acknowledge that students have agency in choosing which of their language resources to use?

We use these questions not to shift the feedback away from various elements of the writing that we want to give feedback about, but rather to push us to phrase our thinking in a way that treats writers in humane and supportive ways.

So, we use these framing questions to rephrase headings and sentences on rubrics.  What might have said ‘unsatisfactory’ before might say ‘still learning,’ ‘room to grow,’ or even ‘focus for next time.’  Where we might have said that ‘reasoning was incoherent,’ we might shift to say that ‘the writer’s reasons supporting their argument were challenging for the reader to understand.’ 

These sorts of changes convey to students that they can still be working on various elements of their writing, which all students are doing and is the purpose of schooling.  They can also convey that writing feedback is not a matter of knowing how to do it ‘right’ or ‘wrong,’ but it is rather a matter of whether your communicative purpose was understood by the audience.  It also conveys that students made choices about the writing they chose to put forward and that they can continue to improve that writing’s purpose, not just it’s perceived correctness on things like punctuation.

Over time, I’ve learned that giving feedback is meaningful to students in ways I had not always realized, and that making purposeful and specific choices in how to give feedback can make a huge difference in how students are able to take up the feedback we give them.  That way, years down the road when they are in college and being interviewed, they will relay memories of feeling supported and confident as writers.

References

Dobbs, C. L. & Leider, C. M. (2021). A framework for writing rubrics to support linguistically diverse students. English Journal, 110(5), 60-68.

Pajares, F. (2003). Self-efficacy beliefs, motivation, and achievement in writing: A review of the literature. Reading and Writing Quarterly, 19(2), 138-158.

Pajares, F. & Johnson, M. (1996). Self-efficacy beliefs in the writing of high school students: A path analysis. Psychology in the Schools, 33(2), 163-175.


Dr. Christina L. Dobbs is an Assistant Professor in English Education. Her research interests include academic language development, the argumentative writing of students, and professional development for secondary content teachers. She is a former high school teacher in Houston, Texas, as well as a literacy coach and reading specialist.

Financial Literacy Policy Update

Teaching

Tori Young opens our March them with information that has shaped this addition to South Carolina High School Curriculum. Read more about Tori at the end of the blog.


Scrolling through social media, I often see young adults lamenting about why their teachers never taught them about taxes, credit, or interest rates. These adults feel lost and overwhelmed by the financial responsibility thrust upon them. While financial education may not look the same as it did fifteen years ago with Home Economics and Family and Consumer Science classes being defunded in several states, financial literacy is still integrated into many state standards through Social Studies and Freshman Readiness classes such as Economics or College and Career Readiness (CCR) classes. such as EPF.2.PR: “research and analyze the factors that impact personal income and long-term earning potential,” as an indicator in Economics and “students will be able to demonstrate productivity skills that will aid them in school and the workplace” as an objective in CCR.

            Financial literacy is one of the few skills taught in schools that has a direct application to life for each student at the moment of learning it and in the future, regardless of their career goals. Knowing how to manage a budget, keep a healthy credit score, take out and pay off loans, and consider healthy investments are something every American adult has to consider on some scale every day. To understand income and expenses, a bank versus a credit union, and credit and debit are simple terms in financial literacy, but understanding them can greatly impact someone’s financial success. Knowing what options are available and what they mean helps consumers make smart financial decisions for themselves and their families, as well as avoid being taken advantage of by banks, loan companies, and businesses.

            Lawmakers understand that when their constituents are financially literate, which means they can make better personal and business-related financial decisions, their states have greater economic success. Because of this, lawmakers over the past few years have begun to find ways to prioritize financial education through the standards of existing courses such as high school Economics and CCR courses that are already funded and required for graduation. Some states are even starting to require Personal Finance as a half-credit course, which teaches students how to balance a budget, plan for future expenses, understand banking and payment options, and choose appropriate loan and credit options for their personal goals. As financial literacy in middle and high school education is becoming a topic for our representatives, what should we know as teachers?

            As of December of 2023, only 25 states require at least a half credit of personal finance, with five states and Washington D.C. not including personal finance in their standards (Nex Gen Personal Finance). However, the past two years have seen exponential growth in financial literacy in high school education because more politicians have seen the importance of young people becoming financially literate. In South Carolina, back in 2022, lawmakers passed 1.101 (SDE: Graduation Requirements) to require an additional half credit of Personal Finance for graduation beginning with the current freshman class of 2023-2024 (SC Dept of Ed). To meet this requirement, many high schools in SC now require Business Ed, CCR, or Social Studies teachers to step in to teach the course. Not only do these courses help students as individuals to be financially successful, but they help their communities and states as well when everyone has a better understanding of their finances. While only half of our country is requiring this skill to be taught, it is promising that more states will be joining them in the near future.

            If you are wondering how this may apply to you as a middle or high school teacher, it has several impacts both in and out of the classroom! As a high school Economics teacher, I have found many skills from other disciplines necessary for my students to teach them personal finance effectively. We regularly calculate budgets, read data tables, and analyze graphs in class to analyze individual finance goals and overall economic patterns. Many of my students who struggle with personal finance struggle with mathematical and scientific literacy taught in the early years of schooling. For instance, the skills built in middle school science, learning about an X and Y axis, or in Algebra when dividing and working with decimals are crucial for students when they get to Personal Finance. You are building the infrastructure of financial literacy!

            Financial Literacy makes up the second standard in the current SC Economics standards for social studies. The motive is that “financial literacy is imperative in making individual economic decisions regarding spending, careers, and setting short- and long-term financial goals. Decision-making and marginal analysis tools are essential in evaluating possible financial options. The ability to make wise choices can impact one’s standard of living and future earning potential” (2019 SSCCR). In order to achieve this goal, Economics teachers rely on a foundation of disciplinary literacy across the general education courses. From ELA, we ask students to research reliable sources and read news articles to find key information about the job market to determine if their career choice is feasible and realistic. From Mathematics, we require the ability to add and subtract to manage expenses and balance a budget as well as read a graph to evaluate the highs and lows of the cost of living. And from Science, we are gathering data from sources and testing different financial choices repeatedly to come to a sound conclusion.

We can all agree the weight of financial responsibility is heavy, for everyone. In turn, when these students graduate and begin their careers, whatever that may be, these students will have the knowledge needed to navigate financial independence. And maybe one day, when they are extremely wealthy, they will remember those of us who helped them get there. 😉

If you want to learn more about personal finance and financial literacy or access free curriculum, resources, and games for students, check out www.ngpf.org. If you are an Economics teacher and your state has implemented personal finance into your standards, check out www.econedlink.org and www.everfi.net for great resources and learning modules!


Tori Young is a high school social studies teacher in Anderson, South Carolina. She is currently working on her Master’s in Instructional Design and Learning Technology at Anderson University.