First Nations Development Institute offers several reports on financial education research.
Learning by Doing: Financial Education for Native American Youth Receiving Large Lump-Sum Payouts (2012)(1.85 MB) In October 2012, First Nations held a reality fair specifically tailored to Native individuals receiving a large per capita or minor’s trust payment for Western Shoshone tribal members. The $pending Frenzy provided youth with fake money in the amount of their trust fund payment to give them experience managing a large amount of money and learn about a range of spending and investing options. This report assesses the strengths of the experiential learning technique and how it can be utilized in Native communities to prepare tribal members for large lump sum payments.
Crazy Cash City Evaluation Report (2012)(2.31 MB) This report covers an innovative experiential learning approach to Native youth financial education. In October 2012, First Nations piloted a financial simulation fair for Native high school students based on the Mad City Model that lets youth get a taste of the real world. The students were given an opportunity to make a series of spending and saving choices based on their fictitious family profile that identified occupation, debt, and family member information.
Financial Education in South Dakota’s High Native-Enrollment Schools: Barriers and Possibilities (2010)(885 KB) Learning to use resources wisely and to plan financially for the future are important steps on the road to asset building, wealth creation, and self-sufficiency. They are particularly important skills for Native American youth, who—on average—come from lower income backgrounds than non-Native youth and have more ground to cover to reach financial security. This report looks at high Native-enrollment schools in South Dakota, reaching out to 17 teachers, administrators, community activists, and state education officials to better understand the barriers and possibilities of school-based financial education.
Financial Education in Native Communities: A Briefing Paper (2003)(902 KB) This briefing paper serves as a resource for tribes, policymakers, researchers, advocates, and community practitioners. It was also designed as a working document for discussion at the Native American Financial Literacy Coalition national policy development forum on Financial Literacy in Indian Country held on May 28-29, 2003 in Denver, Colorado.