Webinar: What Motivates Consumers to Check their Credit?: Evidence from a Field Experiment

Most consumers do not obtain their annual credit report or participate in credit monitoring offered by credit reporting agencies and financial institutions. In 2010, only about 16 million American consumers checked their credit for free through one of the big three credit bureaus. Many possess inaccurate beliefs about their creditworthiness despite the availability of free credit checks. Financial decisions made with inaccurate credit information may be costly for consumers, harm their ability to borrow in the future, and, ultimately, diminish financial well-being. This study builds on a growing literature on reminder effects. Using a field experiment with a credit union in the United States, the effect of email reminders on credit checks is analyzed. The results from the study reveal that reminders are largely ineffective in encouraging consumers to check their credit.
In this October 23rd webinar, researcher Madelaine L’Esperance provides background on the study followed by presentations from the practice and policy perspectives.

Webinar: How are Older Adults Affected by Debt Stress and Mortgage Borrowing? Study Findings and Implications

Researchers, Stephanie Moulton, Caezilia Loibl, and Donald Haurin, from The Ohio State University shared study background and findings for their research on “Debt Stress and Mortgage Borrowing in Older Age: Implications for Economic Security in Retirement”, which was funded through the Social Security Administration’s Retirement and Disability Research Consortium.

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Webinar: Nursing Home Care and the Impact of an ACA Program: An Overview of Study Findings and Implications

One in three 65-year-olds will require long term care at some point in their lives. Medicaid currently covers nursing home expenses for 6 out of 10 residents. Not all those who require care need enough help to justify moving into a nursing home, but in many states Medicaid will not pay for care received at home. In these states, moving into a nursing home is the only way to get help paying for care.

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Household Finance Research Seminar Resumes September 19, 2019 on Thursdays from 3:45-4:45pm

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With 50 faculty affiliates across departments at UW-Madison, as well as 45  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. Researchers will present from such disciplines as consumer science, sociology, business, economics, finance, public policy and administration, marketing, risk and insurance, accounting, library sciences, public health, mass communications, engineering/computer science, social psychology and other fields.

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September 2019 Financial Coaching Training

Date: September 24 – 25, 2019

Where: Pyle Center, UW-Madison Campus, 702 Langdon St, Madison, WI 53706

Cost: $245

Description: University of Wisconsin trainers will provide a 2-day workshop on skills and strategies for financial coaches. This workshop is designed as an introduction to financial coaching and can also be used as a refresher to practice and advance coaching skills.

September 24&25, 2019 Financial Coaching Workshop Poster

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