Webinar: What Motivates Consumers to Check their Credit?: Evidence from a Field Experiment

Most consumers do not obtain their annual credit report or participate in credit monitoring offered by credit reporting agencies and financial institutions. In 2010, only about 16 million American consumers checked their credit for free through one of the big three credit bureaus. Many possess inaccurate beliefs about their creditworthiness despite the availability of free credit checks. Financial decisions made with inaccurate credit information may be costly for consumers, harm their ability to borrow in the future, and, ultimately, diminish financial well-being. This study builds on a growing literature on reminder effects. Using a field experiment with a credit union in the United States, the effect of email reminders on credit checks is analyzed. The results from the study reveal that reminders are largely ineffective in encouraging consumers to check their credit.
In this October 23rd webinar, researcher Madelaine L’Esperance provides background on the study followed by presentations from the practice and policy perspectives.

UW–Madison’s Center for Financial Security Retirement and Disability Research Center Is Awarded Second Year of Funding to Support Research on Financial Vulnerability

U.S. Social Security Administration approves twelve major projects, half led by UW researchers.

The Center for Financial Security Retirement and Disability Research Center (CFS RDRC) at the University of Wisconsin–Madison has been awarded a second year of funding from the U.S. Social Security Administration (SSA). One of just four RDRCs in the country supported by SSA, UW–Madison’s is the only one to focus specifically on the financial well-being of economically vulnerable families, older people, people with disabilities, low-wealth households, and children.

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Webinar: Nursing Home Care and the Impact of an ACA Program: An Overview of Study Findings and Implications

One in three 65-year-olds will require long term care at some point in their lives. Medicaid currently covers nursing home expenses for 6 out of 10 residents. Not all those who require care need enough help to justify moving into a nursing home, but in many states Medicaid will not pay for care received at home. In these states, moving into a nursing home is the only way to get help paying for care.

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