ブックメーカー日本違法20 Social Impact Assessment Report

In ブックメーカー日本違法20, we conducted a social impact assessment to visualize the social impact of the Promise Financial and Economic Education Seminar. The Seminar is at the core of SMBC Group's social contribution activities, and cumulative total participants reached 1,000,000 in February 2020. This assessment was conducted based on an awareness that corporations have become required to bring about social impact through their business activities. This assessment is the first assessment of the social impact of financial and economic education at a financial institution in Japan.
Through this assessment, we will fulfill our duty for stakeholder accountability about the project outcomes while also working to make a more effective program structure and improvements to the program based on the proposals and insights gained.

• ●In December 2020, we conducted a ブックメーカー日本違法 assessment concerning the Promise Financial and Economic Education Seminar at a private high school in Nagoya. The subjects for assessment were 160 first-year students, 131 second-year students, and 74 third-year students. For the first-year students, we conducted a comparison before and after they took the seminar.
• ●We conducted a quantitative analysis using surveys and qualitative analysis using interviews. Interviews were held before and after ブックメーカー日本違法 seminar with four first-year students.
• ●For objective financial literacy, after ブックメーカー日本違法 seminar there was a significant improvement in scores across all first-year students, improving from 37.8% to 48.2%.
• ●First-year student scores after ブックメーカー日本違法 seminar increased across all categories of ブックメーカー日本違法 financial literacy map, and scores were higher than ブックメーカー日本違法 student scores in ブックメーカー日本違法 2019 Financial Literacy Survey in ブックメーカー日本違法 categories of Life Planning, Basics of Financial Transactions, Basics of Finance and Economy, Loans and Credit, Insurance, and Wealth Building.
• ●Positive changes were observed after ブックメーカー日本違法 seminar in ブックメーカー日本違法 behaviors and attitudes of Awareness of Income, Awareness of Expenditure, Herd Behavior Bias, Consumption Trends,andSelf-ブックメーカー日本違法 of Consumption. On ブックメーカー日本違法 other hand, negative changes were observed after ブックメーカー日本違法 seminar in ブックメーカー日本違法 behaviors and attitudes of Prudence, Deliberateness, Loss Aversion,andAwareness of Payments. It is likely that one reason for this is the change of the self-ブックメーカー日本違法 criteria in the post-seminar review.
• ●When we interviewed students regarding their interest in financial and economic education before ブックメーカー日本違法 seminar, all students were not particularly interested. However, after taking ブックメーカー日本違法 seminar, ブックメーカー日本違法 students were interested in specific topics such as taxation and investing. High school students being interested in new fields and topics they were not interested in until now is considered to be one of ブックメーカー日本違法 social impacts of this program.
• ●ブックメーカー日本違法provision of regular seminars and ブックメーカー日本違法 multilayering of content could be effective in maintaining and improving financial literacy, and the implementation of ongoing ブックメーカー日本違法 assessments and establishment of control groups is desirable for more detailed analysis.

Project name

Promise Financial and Economic Education Seminar

Project developer

SMBC CONSUMER FINANCE CO., LTD.

Project contents

Supporting students and local people responsible for ブックメーカー日本違法 future to acquire accurate knowledge concerning money so that they can make appropriate decisions by holding free financial and economic education seminars at ブックメーカー日本違法 customer service plazas or local schools.

Achievements

Cumulative total participants Approx. 1,010,000 people(ブックメーカー日本違法11 to ブックメーカー日本違法20)

• ●The ブックメーカー日本違法 brought about by financial and economic education
  • ・The expected ブックメーカー日本違法 is as listed below (1. to 3. are from the report of the Study Group on Financial Education)
  • 1.Improvement in life skills and realization of prudent household finances
  • 2.Improvement in ブックメーカー日本違法 quality of financial services
  • 3.Supply risk money necessary for economic growth by changing ブックメーカー日本違法 structure of Japan's wealth building
  • 4.Improvement in response to and prevention of financial trouble


• ●Anticipated logic models
  • ・From previous studies and the program's materials, logic models that show the expected ブックメーカー日本違法 of financial and economic education anticipate the below.



• ●Overview of implementation
  • ・This assessment estimates the program's overall ブックメーカー日本違法 by conducting a survey of high school students, which were the largest demographic of program participants.

• ●Changes in financial literacy that occur as a result of take ブックメーカー日本違法 seminar
  • ・For objective financial literacy (financial literacy map categories), after taking ブックメーカー日本違法 seminar, there was a significant improvement in scores across all first-year students, improving from 37.8% to 48.2%.
  • [Changes in behavior and attitude (first-year students, before and after)]






• ●Comparison to ブックメーカー日本違法 national financial literacy survey
  • ・For objective financial literacy, compared to ブックメーカー日本違法 student scores in ブックメーカー日本違法 Financial Literacy Survey 2019 (ブックメーカー日本違法 Central Council for Financial Services Information*), ブックメーカー日本違法 first-year student scores after taking ブックメーカー日本違法 seminar are significantly higher. ブックメーカー日本違法 third-year students who took ブックメーカー日本違法 seminar two years ago also maintained high scores.
    *An organization that engages in a wide range of public relations activities related to finance from a neutral and fair standpoint in cooperation with ブックメーカー日本違法 Japanese government, ブックメーカー日本違法 Bank of Japan, and other organizations.
    
  • ・As ブックメーカー日本違法 students in ブックメーカー日本違法 above survey are university and junior college students over 18 years of age, it can be said that taking ブックメーカー日本違法 Promise Financial and Economic Education Seminar is beneficial for improving objective financial literacy.
  • [Comparison with ブックメーカー日本違法 national survey in objective financial literacy]





*ブックメーカー日本違法 green dotted line shows ブックメーカー日本違法 score of ブックメーカー日本違法 third-year students, which even two years after taking ブックメーカー日本違法 seminar, is still above ブックメーカー日本違法 national average score of untrained students.



• ●Change in each item of ブックメーカー日本違法 financial literacy map
  • ・ブックメーカー日本違法 first-year students' score after taking ブックメーカー日本違法 seminar improved in all categories compared to their score before taking ブックメーカー日本違法 seminar, and in ブックメーカー日本違法 categories of Life Planning, Basics of Financial Transactions, Basics of Finance and Economy, Loans and Credit, Insurance, and Wealth Building, scores were higher than ブックメーカー日本違法 student scores in ブックメーカー日本違法 Financial Literacy Survey 2019 (Central Council for Financial Services Information).
  • ・In ブックメーカー日本違法 categories of Financial Knowledge and Use of Outside Expertise, third-year students maintained higher scores than ブックメーカー日本違法 first-year student scores before taking ブックメーカー日本違法 seminar, and for Financial Knowledge, their scores were higher than ブックメーカー日本違法 national student score. However, in ブックメーカー日本違法 categories of Family Budget Management, Life Planning, and Use of Outside Expertise, they were lower than ブックメーカー日本違法 national student score.
• [Score comparison for each item in ブックメーカー日本違法 financial literacy map]




• ●Changes in behavior and attitude due to taking ブックメーカー日本違法 seminar
  • ・Of behavior and attitude, positive changes were observed after the seminar for Awareness of Income, Awareness of Expenditure, Consumption Trends, Herd Behavior Bias, and Self-ブックメーカー日本違法 of Consumption. Negative changes were observed after the seminar for Prudence, Deliberateness, Loss Aversion, and Awareness of Payments.
  • [Changes in behavior and attitude (first-year students, before and after)]



• ●Summary of interviews
  • ・After taking ブックメーカー日本違法 seminar, high school students being interested in new fields and topics they were not interested in until now is considered to be one of ブックメーカー日本違法 social impacts of this program.
  • ・In particular, becoming interested in specific topics such as taxation and investment is considered a positive finding.

• ●This ブックメーカー日本違法 Assessment observed that financial literacy improves by taking the Promise Financial and Economic Education Seminar, and initial outcomes assumed in the logic model was verified.
• ●To further enhance the program's ブックメーカー日本違法, it might be effective to conduct further review and improvement of contents going forward and conduct ongoing assessment of ブックメーカー日本違法 such as establishing control groups and conducting medium-to-long-term assessment.
  • [Recommendations for the program and insights gained from this ブックメーカー日本違法 Assessment]