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.
Wisconsin Gov. Tony Evers appointed UW–Madison Professor J. Michael Collins as a public member of the Governor’s Task Force on Retirement Security. The task force will study issues facing the growing number of retired people in Wisconsin, particularly the amount of money they have saved.
A member of the La Follette School faculty, Collins is the Fetzer Family Chair in Consumer and Personal Finance at UW–Madison and Faculty Director of the Center for Financial Security (CFS) for the School of Human Ecology.
Earlier this month, the CFS received a second year of funding from the Social Security Administration’s Retirement and Disability Research Consortium to explore the financial well-being of financially vulnerable families, older people, people with disabilities, low-wealth households, and children.
“Your experience, knowledge, and dedication will be a true asset to my administration and a great benefit to the people of Wisconsin,” Evers said in Collins’ appointment letter.
Building on the strengths of its affiliates and partners, the Center for Financial Security at the University of Wisconsin–Madison has been awarded a five-year cooperative agreement with the Social Security Administration’s Retirement and Disability Research Consortium.
“This award from SSA is a recognition of UW–Madison’s extensive research and outstanding scholars in the field of aging and disability,” says UW–Madison Chancellor Rebecca Blank.
The multidisciplinary center, housed in the School of Human Ecology, received the award along with three other RDRC centers at Boston College, the National Bureau of Economic Research, and the University of Michigan.
The Center for Financial Security held a webinar on December 11, 2018, which explored the results of a new pilot project conducted by NeighborWorks America, which looked at using resident services in multifamily rental housing as a platform to help people achieve financial well-being.