Mortality rates for working age adults without a college degree have increased in recent years, driven by rising ‘deaths of despair’ including drug overdose mortality. At the same time, demand for Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI) programs among working age adults have increased in recent decades. Research suggests that fading economic opportunities—such as the decline of manufacturing employment—may explain an important portion of these worrisome trends.
The economic challenges from the pandemic have drawn added attention to student loan debt relief. There are various approaches to address the $1.7 trillion of national student loan debt or reduce loan default: employer-sponsored repayment, public service loan forgiveness, income-based repayment plans, deferment, refinancing, loan consolidation and in particular loan forgiveness.
CFS produced a webinar on October 6, 2020 entitled “Does State-mandated Financial Education Affect Subjective Financial Well-being?”. Associate Professor Carly Urban presented research with CFS Director J. Michael Collins and Research Scientist Jeremy Burke on how state-mandated financial education in high school impacts subjective financial well-being. The research was supported by a grant from the FINRA Investor Education Foundation.
The Center for Financial Security held a webinar on December 11, 2018, which explored the results of a new pilot project conducted by NeighborWorks America, which looked at using resident services in multifamily rental housing as a platform to help people achieve financial well-being.
The Center for Financial Security held a webinar on November 14, 2018, which explored findings from a new study that examines the relationship of reverse mortgage borrowing with older adults’ satisfaction with their financial situation, housing, health, and daily life/leisure as well as with life as a whole. Cäzilia Loibl, researcher from The Ohio State University, discussed the study objectives, methodology, findings, and implications. Discussants from ESOP (Empowering and Strengthening Ohio’s People), a subsidiary of the Benjamin Rose Institute on Aging, shared their practitioner perspectives on the broader subject of older adult financial security, housing, and the issues that face older adult populations in reaching financial well-being and overall life well-being.