Newly Released Paper and Brief: Does State-mandated Financial Education Affect Financial Well-being?

This paper and brief, authored by Jeremy Burke, J. Michael Collins, and Carly Urban, estimates the causal effect of required high school financial education on the financial well-being of young adults. Financial well-being includes people’s subjective sense of financial management, as well as their confidence in achieving their unique financial goals. This study shows that financial education improves financial well-being, though benefits accrue primarily to men and those who obtain college degrees.

This paper and brief, authored by Jeremy Burke, J. Michael Collins, and Carly Urban, estimates the causal effect of required high school financial education on the financial well-being of young adults. Financial well-being includes people’s subjective sense of financial management, as well as their confidence in achieving their unique financial goals. This study shows that financial education improves financial well-being, though benefits accrue primarily to men and those who obtain college degrees. The research was supported by a grant from the FINRA Investor Education Foundation.

Newly Released Research Brief: Understanding Differences in Financial Well-being Based on Educational Attainment and Gender

With the support of a grant from the FINRA Investor Education Foundation researchers, J. Michael Collins and Carly Urban, conducted a study that examines the financial well-being of young adults through the lens of gender and educational attainment. Using the CFPB’s Financial Well-Being Scale, the research contrasts the financial well-being of men and women among college graduates and high school only graduates.

Webinar: Exploring Social Poverty: A Webinar Discussion of the Impact of Family and Community Ties for Low-Income Populations

On this December 3, 2019 webinar, author and Associate Professor, Sarah Halpern-Meekin, explored the question of whether the lack of close, meaningful social ties is a public – rather than just a private – problem in our society in her newly published book “Social Poverty: Low-Income Parents and the Struggle for Family and Community Ties”. This book provides a window into the nature of social ties among low-income, unmarried parents, highlighting their often-ignored forms of hardship. During this webinar Halpern-Meekin presented on her ground-breaking work, which explores poverty from a new angle that departs from typical poverty literature and explores social ties not just as an economic issue, but its own condition that also perpetuates poverty. Discussants, Amanda Kostman, from UW-Madison Division of Extension, Margie Zutter and Diana Jost from Retired and Senior Volunteer Program (RSVP) of Dane County, and Johnna Georgia, Program Director of Big Brothers Big Sisters of Dane County, spoke about their experiences in developing and providing services to address these issues of “social poverty”.

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Financial Coaching Census 2019: Results Brief & Webinar

On July 30th, 2019, AFN presented it’s Ask the Author with Hallie Leinhardt, Center for Financial Security sharing on findings revealed from the 2019 Financial Coaching Census.

After 3 waves of coaching censuses between 2015-2019, we know a lot about the coaching field, and we’re excited to share the trends and their implications.

We discussed webinar to find out what these trends mean and what is called for moving forward:

  • How has the field evolved over time?
  • What are the primary financial coaching outcomes measures?
  • What are the persistent challenges in the field?

New Report Outlines Path toward Greater Gender Wealth Equality with Co-author Fenaba Addo

Fenaba Addo

A new study co-published by the Asset Funders Network and the Closing the Women’s Wealth Gap Initiative examines the large gap in household wealth between households headed by men and households headed by women. The report, entitled Clipped Wings, identifies steps that nonprofits, philanthropy, and policy can take to close that gap. Co-authors Fenaba Addo, CFS Affiliate and Professor of Consumer Science at UW-Madison, Jhumpa Bhattacharya, and Anne Price, both from the Insight Center for Community Economic Development (ICCED), examine the extent of gendered wealth inequality in the US and how policy and practice can work to counteract those inequalities.