About 10 percent of children live in households with a Social Security program beneficiary or are beneficiaries themselves. Many have low incomes limiting the resources available to spend on caring for these children. The Child Tax Credit (CTC) expansion in 2021 increased income for many households and reduced poverty dramatically for children. Children in Social Security beneficiary households stood to gain as CTC benefit receipt did not affect Social Security payments. In fact, poverty fell substantially for these children, however, there were disparities based on demographic characteristics, geography, and Social Security program type.
The Financial Findings Podcast is a series developed by the Center for Financial Security that features interviews with researchers about household finance, financial security, and retirement and disability research and the implications for policy, practice, and relevance for the general public. The podcast series is hosted by Jonathon Ferguson.
Episode 2: Interview with Jill Hoiting
For this episode we have an interview with Jill Hoiting. Jill is a PHD student in the Social Welfare program at the University of Wisconsin, Madison.
Jill’s research interests include affordability, accessibility and quality of childcare, prevention of expulsion in early education, quality and effectiveness of family support programming and systems, and early childhood and family policy.
Jill holds a Master of Social Work degree from the University of Wisconsin-Madison and a bachelor’s of science degree from the University of Georgia.
The Financial Findings Podcast is a series developed by the Center for Financial Security that features interviews with researchers about household finance, financial security, and retirement and disability research and the implications for policy, practice, and relevance for the general public. The podcast series is hosted by Jonathon Ferguson.
Episode 1: Interview with Dr. Cliff Robb
For this episode we have an interview with Dr. Cliff Robb. Cliff A. Robb is the chair for the department of consumer science at the University of Wisconsin, Madison, and a professor in the School of Human Ecology.
Dr. Robb studies consumer financial decision-making, with an emphasis on financial knowledge and capability. He is interested in the financial decision-making of young adults in particular, with a focus on college student debt management and well-being. His research is widely published in a number of peer-reviewed journals.
*The research reported herein was performed pursuant to a grant from the U.S. Social Security Administration (SSA) funded as part of the Retirement and Disability Consortium. The opinions and conclusions expressed are solely those of the author(s) and do not represent the opinions or policy of SSA or any agency of the Federal Government. Neither the United States Government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of the contents of this report. Reference herein to any specific commercial product, process or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply endorsement, recommendation or favoring by the United States Government or any agency thereof.
A study was conducted by Asset Funders Network (AFN) and the University of Wisconsin-Madison Center for Financial Security (CFS) to better understand the transition to remote services among financial capability and asset building (FCAB) programs, which includes financial education, counseling, coaching, emergency assistance, benefits navigation, housing supports, workforce development, and other related services. A full report, six regional briefs, and a webinar are available. Visit the AFN website and project landing page for all materials and regional briefs.
University of Wisconsin-Madison Center for Financial Security 