In 2014, the Charter School Development Corporation and Building Hope sponsored a three month pre-post research study, The Financial Empowerment of Urban Youth, to validate WealthyLife’s efficacy at Friendship Collegiate, WMST, and Options Public Charter High Schools in DC. The study found that student’s financial literacy rates rose by 42% over the course of 12 programming sessions with 8 in 10 students being highly satisfied with the program.
Most importantly, the study revealed that students felt they were 85% more likely to graduate high school after the WealthyLife program. Results exceeded expectations of all parties involved and gained adoption into a new Dept. of Education policy for Early Childhood Family Engagement.
The National Alliance of Public Charter Schools named The Wealth Factory the top 9 education technology company of 2015.