J. Michael Collins provides illustrations of the potential for a new wave of innovations in financial capacity building. Critical next steps include discussions about how financial education can be delivered with the goal of increasing referrals and access to services. The goal should be to design financial capacity building interventions that match the workforce, systems and clients … Continue reading Integrating Financial Capacity Building Into Public Programs
J. Michael Collins
A Review of Financial Advice Models and the Take-Up of Financial Advice
Financial advice can complement educational interventions for individuals with technical financial issues or acute financial problems; it may also help clients apply knowledge gained from education and adhere to financial goals. This paper by J. Michael Collins reviews the literature on financial advice and develops a taxonomy of financial advice models. Empirical research suggests financial … Continue reading A Review of Financial Advice Models and the Take-Up of Financial Advice
University of Wisconsin-Madison Center for Financial Security 