Mortality rates for working age adults without a college degree have increased in recent years, driven by rising ‘deaths of despair’ including drug overdose mortality. At the same time, demand for Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) programs among working age adults have increased in recent decades. Research suggests that fading economic opportunities—such as the decline of manufacturing employment—may explain an important portion of these worrisome trends.
The economic challenges from the pandemic have drawn added attention to student loan debt relief. There are various approaches to address the $1.7 trillion of national student loan debt or reduce loan default: employer-sponsored repayment, public service loan forgiveness, income-based repayment plans, deferment, refinancing, loan consolidation and in particular loan forgiveness.
CFS produced a webinar on October 6, 2020 entitled “Does State-mandated Financial Education Affect Subjective Financial Well-being?”. Associate Professor Carly Urban presented research with CFS Director J. Michael Collins and Research Scientist Jeremy Burke on how state-mandated financial education in high school impacts subjective financial well-being. The research was supported by a grant from the FINRA Investor Education Foundation.