Financial Literacy

Financial Literacy

Mission of the Financial Literacy Initiative

The mission of the CSLi Financial Literacy Initiative is to equip student-athletes with sound financial knowledge, attitudes and behaviors to succeed after college.

The Need

60%

Within five years of retirement, an estimated 60 percent of former NBA players are broke.

78%

By the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.

62.2%

The average score for college students on a national financial literacy exam was 62.2 percent.

60%

Sixty percent of college students surveyed indicated that they had never taken a personal finance course while in high school.

84%

Eighty-four percent of high school students desire more financial education.

Financial Stress

College students’ financial knowledge has been found to be a significant predictor of not only loan debt, but also overall well-being. Higher financial knowledge has been shown to reduce financial stress.

Gameplan for winning at life

Freshman athletes at the University of Texas are exposed to a life-changing course – Gameplan for Winning at Life – when they land on the Forty Acres. This class is a research-driven deep dive into key personal development skills. The curriculum, developed by Daron K. Roberts, explores vulnerability, empathy, implicit bias, resilience, grit, failure management, effective communication, servant leadership and financial literacy. What makes this class unique is its designation as a “signature course,” the highest class distinction at the university. This class is taught three times a year, and each class is comprised of approximately 100 students (half of the participants are non-athletes).

Research

CSLi is pleased to announce that in conjunction with the Big 12 Faculty Fellowship, Professor Lisa Rubin, from KState, will be visiting CSLi this fall to collaborate on research within the Big 12 to enhance student athlete development and leadership. At Kansas State, Rubin teaches two courses; College Student-Athletes and Current Issues in Intercollegiate Athletics, while also pursuing her research in student-athlete development. As one of the few researchers in the area, Rubin will share her expertise and we will work together to create new collaborative efforts during her time with CSLi. Both students and faculty will have the opportunity to hear about Professor Rubin’s research.

Research Team

Principle Investigator

Daron Roberts J.D.

Principle Investigator
Principle Investigator, Visiting Faculty Fellow

Lisa Rubin PhD

Principle Investigator, Visiting Faculty Fellow
Program Coordinator

Taylor Brown

Program Coordinator
Icons made by Freepik, Zlatko Najdenovski, Vectors Market are licensed by CC 3.0 BY