University of Wisconsin-Madison’s Center for Financial Security Awarded $3.1 Million for Research to Help Economically Vulnerable Families

The U.S. Social Security Administration is funding 15 major research projects investigating retirement and disability topics surrounding racial wealth, children and families, and the economic security of older adults.

The University of Wisconsin-Madison’s Center for Financial Security (CFS), as part of the Retirement and Disability Research Consortium (RDRC), has been awarded a fifth year of funding for $3.11 million from the U.S. Social Security Administration (SSA).

One of just four such centers in the country supported by the SSA, the UW-Madison’s CFS focuses  on the financial well-being of economically vulnerable families, households of color, older adults, people with disabilities, low-wealth households, and children.

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CFS RDRC Summer/Fall 2022 Newsletter

  • Inaugural SURF Program Launches
  • Year 4 of Annual Junior Scholars Intensive Training Sees Success
  • Spotlight on Research: Social Security Interactions with Child Tax Credit Expansion
  • Newly released Visualizing Vulnerability interactive dashboard: Mapping Incarceration Rates by State: The Disproportionate Impact on Minority Populations
  • Welcome to our New CFS Colleague: Jonathon Ferguson

Annual Junior Scholars Intensive Training Sees Success

2021 JSIT Scholars Cohort

For a week in June 2021, the Center for Financial Security (CFS)—in collaboration with Howard University’s Center on Race and Wealth—held the annual summer workshop of Junior Scholar Intensive Training (JSIT) program. JSTI is an intensive training program for emerging researchers, and made possible with funding from the Retirement and Disability Research Consortium of the Social Security Administration (SSA).

This year’s JSIT workshop was virtual, allowing participation from Minnesota to Mississippi, and California to Cambridge (England!). Scholars are first-generation and/or are economically disadvantaged and/or are from historically underrepresented populations.

“I’ve participated in a lot of junior scholar workshops, but none were as beneficial as JSIT. JSIT provided the opportunity to develop and get feedback through “hands on,” iterative activities. I’m still amazed at how much I developed in just one week!”

Mila Turner, Assistant Professor of Sociology at Florida A&M University was part of this year’s JSIT cohort.

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Household Finance Research Seminar, held weekly on Thursdays from 3:45-4:45pm

Our Fall 2022 HHF Seminars will be held in-person in 1199 Nancy Nicholas Hall and virtually via Zoom. Click HERE for Zoom link and meeting invitation.

With over 50 faculty affiliates across departments at UW-Madison, as well as more than 50 fellows at other institutions throughout the nation, The Center for Financial Security is pleased to provide a platform for sharing some of the most exciting and innovative early stage research in the household finance realm. Join us every Thursday of the academic year for a seminar from 3:45-4:45 pm for this multi-disciplinary exploration of household finance research.

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Supporting Employee Financial Stability: How Philanthropy Catalyzes Workplace Financial Coaching Programs

The Center for Financial Security and the Asset Funders Network (AFN) collaborated on a case-study investigation of employer-based financial coaching programs in the latest research: Supporting Employee Financial Stability: How Philanthropy Catalyzes Workplace Financial Coaching Programs. This brief shares innovative approaches employers believe increase recruitment and retention while impacting employee financial well-being.

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