Events

« Event's Main Page

Financial Literacy Conference

Improving Financial Literacy and Capability: What Works?

The objective of this conference is to present the innovative ideas and work of the Financial Literacy Center teams. Each presentation provides a brief project overview, insights on what works to improve financial literacy and financial capability, and a discussion about what remains to be answered with further work.

View the Agenda ➤
View the Attendee List ➤
Description ➤


Session 1 | Session 2 | Session 3 | Session 4 | Session 5 | Session 6 | Video Gallery

Introduction
Presentation of the Financial Literacy Center
Annamaria Lusardi, GFLEC
Presentation

SESSION 1 | Understanding and Measuring Financial Literacy

Watch the Videos from Session 1 ➤

    Moderator: Annamaria Lusardi, GFLEC

    Measuring Financial Literacy and Financial Capability
    Arie Kapteyn, RAND; Annamaria Lusardi, GFLEC
    Presentation

    Understanding the Geography of Financial Literacy in the U.S.
    Chris Bumcrot, Applied Research and Consulting
    Presentation

    Optimal Knowledge and Wealth Inequality
    Olivia S. Mitchell, Wharton

    Discussant: Gary Mottola, FINRA Investor Education Foundation

back to top ⌃


SESSION 2 | Financial Literacy among Young People

Watch the Videos from Session 2 ➤

    Moderator: Melora Heavey, American Institute of CPAs
    Presentation

    Building Financial Literacy for K–8 Pre-Service Teachers and Adult Learners
    Dorothy Wallace, Dartmouth College
    Presentation

    Five Steps to Financial Planning Success
    Joanne Yoong, RAND; Anya Savikhin, University of Wisconsin – Madison
    Presentation

    Demonstrating the Returns to Work for Children after SSI
    Jody Hoff, Federal Reserve Bank of San Francisco
    Presentation

    Discussant: Billy Hensley, National Endowment for Financial Education

back to top ⌃


SESSION 3 | Financial Literacy among the Middle Aged

Watch the Videos from Session 3 ➤

    Moderator: Arie Kapteyn, RAND

    The Persistence of Defaults: When, Why and for Whom?
    David Laibson, Harvard
    Presentation

    Do Financial “Health” Checkups Prompt Behavioral Changes?
    Matthew Darling, ideas42
    Presentation

    Discussants: Janet Garkey, Credit Union National Association; Sarah Holden, ICI
    Presentation

    “The Storm to Come”: A Conversation about Annuities
    Moderator: Catherine Weatherford, Insured Retirement Institute
    Panelists: Olivia S. Mitchell, Wharton; David Laibson, Harvard

back to top ⌃


SESSION 4 | Financial Education in the Workplace

Watch the Videos from Session 4 ➤

    Moderator: Joe Piacentini, Department of Labor

    Evaluating Workforce Financial Education and Encouraging New Hires to Save for Retirement
    Annamaria Lusardi, GFLEC
    Presentation

    Can Commitment Savings Help Americans Be Better Prepared for Retirement?
    David Laibson, Harvard
    Presentation

    Discussants: Sol Carbonell, Boston Fed; Dan Iannicola, Financial Literacy Group

back to top ⌃


SESSION 5 | Financial Literacy Close to and After Retirement

Watch the Videos from Session 5 ➤

    Moderator: William D. Novelli, Global Social Enterprise Initiative, Georgetown University

    How Financial Advisors Influence Social Security Claiming
    Mathew Greenwald, Mathew Greenwald & Associates
    Presentation

    What Are the Real-World Framing Influences on Retirement Claiming Behavior?
    Arie Kapteyn, RAND
    Presentation

    Improving Understanding of Retirement Health Care Expenditures
    Howell Jackson, Harvard Law School
    Presentation

    Discussants: Ken McDonnell, Insured Retirement Institute; Ryan Wilson, AARP

back to top ⌃


SESSION 6 | Financial Literacy for Vulnerable Groups

Watch the Videos from Session 6 ➤

    Moderator: David Rogofsky, Social Security Administration

    Improving Legal Immigrants’ Access to Financial Services
    Silvia Barcellos, RAND
    Presentation

    Raising Awareness of Tax-Time Saving Options (for the low-income population)
    Nick Maynard, Doorways to Dreams

    Encouraging Better Financial Decision Making Among Low-Income and Minority Groups
    Nick Maynard, Doorways to Dreams

    Discussant: Jeanne Hogarth, Federal Reserve Board

    PANEL DISCUSSION: Directions for Further Research
    Moderator: Jason Fichtner, George Mason University and Georgetown University
    Panelists: Gerri Walsh, FINRA; Camille Busette, Consumer Financial Protection Bureau

back to top ⌃


Video Gallery of the Event

SESSION 1 | Understanding and Measuring Financial Literacy


Presentation of the FLC [16:39]
Annamaria Lusardi, GFLEC

Measuring Financial Literacy and Financial Capability [6:22]
Annamaria Lusardi, GFLEC


Measuring Financial Literacy and Financial Capability [10:23]
Arie Kapteyn, RAND

Understanding the Geography of Financial Literacy in the U.S. [14:05]
Chris Bumcrot, Applied Research and Consulting


Optimal Knowledge and Wealth Inequality [7:22]
Olivia S. Mitchell, Wharton

Discussant [12:45]
Gary Mottola, FINRA Investor Education Foundation

back to top ⌃


SESSION 2 | Financial Literacy among Young People


Introduction [9:42]
Melora Heavey, American Institute of CPAs

Building Financial Literacy for K–8 Pre-Service Teachers and Adult Learners [10:41]
Dorothy Wallace, Dartmouth College


Five Steps to Financial Planning Success [16:04]
Joanne Yoong, RAND; Anya Savikhin, University of Wisconsin – Madison

Demonstrating the Returns to Work for Children after SSI [12:14]
Jody Hoff, Federal Reserve Bank of San Francisco


Discussant [9:32]
Billy Hensley, National Endowment for Financial Education

back to top ⌃


SESSION 3 | Financial Literacy among the Middle Aged


The Persistence of Defaults: When, Why and for Whom? [14:23]
David Laibson, Harvard

Do Financial “Health” Checkups Prompt Behavioral Changes? [13:22]
Matthew Darling, ideas42


Discussant 1 [9:23]
Janet Garkey, Credit Union National Association

Discussant 2 [10:28]
Sarah Holden, ICI


“The Storm to Come”: A Conversation about Annuities [42:22]
Moderator: Catherine Weatherford, Insured Retirement Institute
Panelists: Olivia S. Mitchell, Wharton; David Laibson, Harvard

back to top ⌃


SESSION 4 | Financial Education in the Workplace


Evaluating Workforce Financial Education and Encouraging New Hires to Save for Retirement [13:58]
Annamaria Lusardi, GFLEC

Can Commitment Savings Help Americans Be Better Prepared for Retirement? [16:17]
David Laibson, Harvard


Discussant 1 [7:19]
Sol Carbonell, Boston Fed

Discussant 2 [8:30]
Dan Iannicola, Financial Literacy Group

back to top ⌃


SESSION 5 | Financial Literacy Close to and After Retirement


How Financial Advisors Influence Social Security Claiming [13:32]
Mathew Greenwald, Mathew Greenwald & Associates

What Are the Real-World Framing Influences on Retirement Claiming Behavior? [15:55]
Arie Kapteyn, RAND


Improving Understanding of Retirement Health Care Expenditures [18:35]
Howell Jackson, Harvard Law School

Discussant 1 [5:19]
Ken McDonnell, Insured Retirement Institute


Discussant 2 [5:10]
Ryan Wilson, AARP

back to top ⌃


SESSION 6 | Financial Literacy for Vulnerable Groups


Introduction [2:43]
David Rogofsky, Social Security Administration

Improving Legal Immigrants’ Access to Financial Services [12:41]
Silvia Barcellos, RAND


Raising Awareness of Tax-Time Saving Options (for the low-income population)
Encouraging Better Financial Decision Making Among Low-Income and Minority Groups [25:00]
Nick Maynard, Doorways to Dreams

Discussant [9:53]
Jeanne Hogarth, Federal Reserve Board

back to top ⌃

2012

June

21st

8:30 am - 5:30 pm

The George Washington University School of Business