FINANCIAL LITERACY PROGRAM IN HIGH SCHOOL AND ITS IMPACT ON STUDENT’S FINANCIAL LITERACY INDEX

Abstract

The aims of this study was to analyze the implementation of the financial literacy program in high school and its impact on students' financial literacy index. The successful implementation of the Financial Literacy Program in schools refers to three indicators in the supporting material for the National Literacy Movement, namely class-based indicators, school-based indicators, and community-based indicators. This study uses a descriptive quantitative approach, that takes place at a high school in Buleleng District which consists of 4 public schools and 3 private schools. The subjects of this study were school principals, curriculum assistants, and economics teachers as well as students of class 12 social studies to collect data regarding the level of students' financial literacy. Data was collected using structured interview methods and questionnaires related to aspects of financial literacy. Data analysis techniques using interactive analysis with several steps namely data collection, data reduction, data display, and conclusions. This study shows that the financial literacy programs in terms of class indicators is quite good. However, from indicators based on school and community culture, it is still lacking. The reason is, schools do not have yet a clear policy related to the implementation of financial literacy programs. Judging from the student's financial literacy score, it shows that the level of financial literacy is still low.