Date: February 12, 2013 Description: Maximilian Schmeiser from the Federal Reserve Board of Governors, presented a webinar on consumer use of mobile telephones for financial management and decision making. Also participating in the discussion were Jim Gatz from the U.S. Department of the Treasury and Sara Gordon from the Center for Financial Services Innovation. Watch Now
Maximilian Schmeiser
Using the Right Yardstick: Assessing Financial Literacy Measures by Way of Financial Well-being
Using data from nine waves of the Health and Retirement Study (HRS), Jason Seligman and Maximilian Schmeiser examine whether existing measures of financial literacy are descriptive and/or predictive of successful household financial management, as well as resilience in the recent financial crisis. We find that once individual characteristics are carefully accounted for in our analysis, … Continue reading Using the Right Yardstick: Assessing Financial Literacy Measures by Way of Financial Well-being
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 