Because financial products are becoming more complex, and individuals are increasingly responsible for their own financial security, the lack of basic financial knowledge at the individual level raises serious concerns about individuals’ capacity to manage their finances. J. Michael Collins explores the effect of online financial education on public school employees. Download Paper Download Brief … Continue reading Online Financial Education for Employees: A Randomized Experiment
Briefs
Public Libraries as Financial Literacy Providers
As society’s financial functions become more complex, information driven, and technology focused, public libraries and librarians may begin to play a more significant role in financial literacy—both providing trustworthy information and offering training to increase the public’s capacity to navigate more complicated financial systems Download Paper Download Brief This report by Catherine Arnott Smith and … Continue reading Public Libraries as Financial Literacy Providers
Encouraging the Use of the Saver’s Credit through VITA SITES: Evidence from a Pilot Demonstration in Two Cities
The Retirement Savings Contribution Credit, or Saver’s Credit, was created to encourage greater retirement savings among lower-income households; however, those eligible for the credit have made limited use of the program. This article by Jonathan Spader, Emily Holt, Nicole Fiore, Christopher Blaine, Holden Weisman, and Jackie Lynn Coleman reviews a pilot study aimed at encouraging … Continue reading Encouraging the Use of the Saver’s Credit through VITA SITES: Evidence from a Pilot Demonstration in Two Cities
University of Wisconsin-Madison Center for Financial Security 