Evidence
Built to measure. First cohort, fall 2026.
The Launchpad was designed so that every class produces learning data a curriculum office or a researcher can read: what students knew before, what they knew after, how confident they felt, what they did, and how they compare with adults nationally. This page states the instrument, the benchmark, and the limits.
What we measure
Knowledge, before and after
Every module opens with a short quiz and closes with another. The two ask different questions about the same concept, so a gain reflects the concept rather than a remembered answer. The dashboard reports each question's pre and post share correct and the class gain in points.
Confidence, before and after
Students rate their confidence on a five-point scale at the start and end of each module. Paired with the quiz, this shows where a class was overconfident and where a module closed the gap between what students felt they knew and what they could do.
Behavior, not just knowledge
Each student keeps a Flight Plan: real money moves they choose for themselves, marked to-do, planned, or done with a date. It is the student's own record of what they did, outside the course, because they took it.
The Big Three, on the first day and the last
Three questions on compound interest, inflation, and risk diversification, written by Annamaria Lusardi and Olivia Mitchell and asked verbatim, with "do not know" as an accepted answer. The same three items sit in the National Financial Capability Study and the P-Fin Index, which is what lets a class be compared with national results.
The national benchmark
Since the Big Three were first asked in the United States in 2004, the share of adults who answer all three correctly has stayed near a third. The figure we compare classes with:
30.2 percent of U.S. adults answered all three questions correctly in the 2009 National Financial Capability Study, as reported by Lusardi and Mitchell in the Journal of Economic Literature (2014, Table 2, n = 1,488). Their 2023 review reports about one-third of young adults answering all three correctly, 29 percent of women and 48 percent of men. Risk diversification is the question people miss most, and the one most often answered "do not know."
A teacher's class board shows the share of the class with all three correct on the first day, on the last day, and the national figure beside them, with n.
What we will report, and when
The Launchpad's first measured cohort runs in fall 2026 across two teachers' classrooms. When the semester ends we will publish here, for each module and for the course:
- Matched n, and the share of enrolled students who completed both the first-day and last-day surveys.
- Pre and post share correct per quiz question, and class gain in points.
- Average confidence before and after on the five-point scale, and the share of students whose confidence moved up.
- Big Three: share with all three correct at start and end, beside the national figure.
- Flight Plan moves marked done, as counts, with nothing about what the moves were.
Figures will be de-identified aggregates. No student is ever named in anything we publish.
Prior pilot: The College Project
believed they could afford a 4-year public university
believed they could afford a 4-year private university
Prior pilot, The College Project, California classrooms: a pre-course survey of 368 students and a post-course survey of 99. The percentages compare the two surveys. These are belief and stress measures, not knowledge measures. The Launchpad's own pre/post assessment runs with its first cohort in fall 2026; write to us for either instrument.
Limitations
- No control group. Classes are compared with themselves over time and with published national figures, not with a randomized comparison class.
- Teachers and schools choose to use The Launchpad, so cohorts are self-selected.
- Quiz items other than the Big Three are ours, so gains on them show that students learned this course, not how they compare with anyone else.
- Confidence is self-reported.
- Early cohorts are small. We report n with every figure and report matched pairs only: a student counts in a before-and-after result only if they answered both.
- Teachers administer the surveys in their own classrooms, on their own schedule.
For researchers and districts
De-identified, aggregate results for a district's own classes are available to that district on request. Record-level data is shared with a researcher only under a written agreement with the district and applicable consent; the terms we hold data under are in the district data agreement. The survey instrument, including the exact quiz items, is available on request.
Sources
- Lusardi, A., and Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5 to 44. Table 2.
- Lusardi, A., and Mitchell, O. S. (2023). The Importance of Financial Literacy: Opening a New Field. Journal of Economic Perspectives, 37(4), 137 to 154, and NBER Working Paper 31145.
- FINRA Investor Education Foundation. National Financial Capability Study, 2009 to 2024 waves.
- TIAA Institute and GFLEC. Personal Finance Index, 2017 to 2026.