Two teams from WI will advance to the final round of the Alliance for the American Dream competition, where they will compete for potential investment.

The Alliance, known locally as DreamUp WI, is sponsored by Schmidt Futures, a philanthropic initiative founded by Eric and Wendy Schmidt that seeks to improve societal outcomes through the thoughtful development of emerging science and technology that can benefit humanity.

DreamUp WI is a partnership between the University of Wisconsin–Madison and the community, tasked with generating ideas to increase the net income of 10,000 Dane County families by 10 percent by the year 2020.

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Faculty Director, J. Michael Collins, weighs in on effects of shutdown on multiple media outlets

The thirty-five day, partial Federal shutdown caused 800,000 employees to miss paychecks. Faculty Director of CFS and Associate Professor of Public Affairs and Consumer Science, J. Michael Collins, provided insight into what this means for many of the workers effected and how this highlights the issues of poverty, financial insecurity, and fragility of many American’s financial lives.

“A Safety Net That Has A Frayed Bottom Makes People Feel More Financially Vulnerable Than They Already Are,” J. Michael Collins

Links to media coverage:

Anita Mukherjee Publishes Article on Financial and Health Literacy in Older Age in Journal of Consumer Affairs

CFS Affiliate and Professor at the WI School of Business, Anita Mukherjee, along with her co-authors, Hessam Bavafa and Junhao Liu, published their article in the Journal of Consumer Affairs, which examines the subject of improving financial and health literacy in reducing economic vulnerability in older age. This paper delves into the question of how and by what means individuals accumulate these types of human capital by looking at the impact of online search activities on the levels of financial and health literacy.

Newly Released Brief & Working Paper on Foreclosure Spillovers within broad Neighborhoods

CFS Research Fellow and Professor of Economics at the University of Connecticut, Stephen Ross, along with his co-authors Weiran Huang of the Department of Finance in NYC and Ashlyn Nelson from Indiana University Bloomington, have released a working paper and policy brief that examine the spillover effects of foreclosure within broad neighborhoods.

CFS Affiliate, Jirs Meuris, provides expertise on effects of government shutdown on financial security

Jirs Meuris, Assistant Professor in the Management and Human Resources Department at Wisconsin School of Business, provides expertise based on his extensive research on financial stress and worker productivity. Meuris discussed his studies, and as well as the broader organizational effects, showing that the more worried employees were about their personal finances, the more accident- and error-prone they were in their work. Meuris was interviewed on NPR’s Marketplace, The Atlantic, and Wiscosnin Public Radio. Links to media coverage: