Financial coaching is an emerging complement to financial education and counseling. As defined in this article by J. Michael Collins, Peggy Olive, and Collin O'Rourke, financial coaching is a process whereby participants set goals, commit to taking certain actions by specific dates, and are then held accountable by the coach. In this way, financial coaching is … Continue reading Financial Coaching’s Potential for Enhancing Family Financial Security
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Trigger Events and Financial Outcomes over the Lifespan
This research identifies demographic groups vulnerable to trigger events to inform efforts to improve financial education. Specifically, we examine the effects of trigger events on net worth throughout the life course. After reviewing relevant literature, we analyze two panel data sets to examine whether populations that may be identified as more financially literate are more … Continue reading Trigger Events and Financial Outcomes over the Lifespan
University of Wisconsin-Madison Center for Financial Security 