The Center for Financial Security held a webinar on April 24, 2018, which explored findings from a field study examining the effects of access to financial services on elementary students’ financial learning. The field study describes two school-based savings programs targeted to elementary-age students. Using differential access to school branches, as well as randomized seed deposits for opening an account, researchers were able to estimate the effects of students having savings accounts on changes in financial knowledge and behavior.
Following the research presentation, CFS was joined by discussants from the FDIC (Federal Deposit Insurance Corporation), who shared insights and resources from their own school-based banking pilot study, and UW Credit Union who provided insights from their own experiences in recently partnering with a local high school to launch an in-school branch.
Presenters on the webinar:
Madelaine L’Esperance, Doctoral Student of Consumer Science, University of Wisconsin-Madison
Luke W. Reynolds, Chief of Outreach & Program Development at the Federal Deposit Insurance Corporation (FDIC)
Jaimes Johnson, Director of Community Partnerships, UW Credit Union