Supporting Statement Memo

MoneySmart for Young Adult Survey 7-29-11 Final SPST Memo to OMB.doc

Occasional Qualitative Surveys - 2011 Money Smart

Supporting Statement Memo

OMB: 3064-0127

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July 28, 2011







July 29, 2011




 

Memorandum to:         Shagufta Ahmed

                                    Policy Analyst              

                                    Office of Information and Regulatory Affairs

                                    Office of Management and Budget

 

From:                 Gary A. Kuiper 

Counsel

                                    Federal Deposit Insurance Corporation

 

RE:                               Qualitative Survey: MoneySmart for Young Adult Survey

 

Under the generic clearance entitled “Occasional Qualitative Surveys” (3064-0127), the FDIC hereby submits for OMB approval the enclosed survey of attendees of the FDIC’s MoneySmart for Young Adults (MYSA) training. The MSYA curriculum helps instructors teach youth ages 12-20 the basics of handling money and finances, including how to create positive relationships with financial institutions. MSYA equips young people in their formative years with the basics of financial education while giving them the knowledge, skills, and confidence they need to manage their finances. This survey continues the FDIC practice of using qualitative surveys to determine outcomes as well as to make quality improvements to products and services. 

 

Purpose of survey.  This survey will assess the impact of the MSYA curriculum on participants’ financial knowledge, attitudes, and behavior.

Methodology.  This survey will collect data from the same participants at three points in time: immediately before they begin the curriculum (the “pre-survey”), immediately after they complete the curriculum (the “post-survey”), and 12 to 18 months after they complete the curriculum (the “follow-up survey”). Responses would be voluntary.

 

Burden Estimate


Pre-Survey: 2000 x 17 minutes = 567 hours.

Post-Survey: 1700 x 13 minutes = 368 hours.

Follow-up Survey: 1020 x 19 minutes = 323 hours.


Total burden = 567 hours + 368 hours + 323 hours = 1,258 hours

 

Your expeditious response to this request would be appreciated.

File Typeapplication/msword
File TitleFDIC Macros Ver. 5.5
Authorgkuiper
Last Modified Bygkuiper
File Modified2011-07-29
File Created2011-07-29

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