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What We Stand For

Advancing research and solutions
that open the door to universal financial literacy.

A financially literate world where people
can achieve their dreams.


The Global Financial Literacy Excellence Center (GFLEC) envisions a world in which individuals have the financial knowledge they need to fully participate in the economy and build secure futures. In working toward that vision, GFLEC has positioned itself as the world’s leading incubator for financial literacy research, policy, and solutions.

GFLEC launched in 2011 at the George Washington University School of Business in Washington, D.C. Since then, it has pioneered breakthrough tools to measure financial literacy, developed and advised on educational programs, and crafted policy guidelines aimed at advancing financial knowledge in the United States and around the globe. In recognition of GFLEC’s contribution to improving financial literacy in the United States, Barron’s recognized the center as a “Barron’s Celebrates 2020: Financial Empowerment” honoree.


Core Activities

Target Areas

Our Values

Entrepreneurship — We value the spirit of discovery. We break new ground by motivating our team members to take ownership of their work.

Excellence — We strive for excellence and high quality in all of our work.

Focus — We recognize the great need for increased financial literacy globally and we stay on course.

Impact — We are output and results-oriented with the goal of accelerating the spread of financial literacy around the world.

Innovation — We aspire to stay ahead of the curve by formulating new ideas, identifying potential challenges and solutions, and presenting them in creative ways.

Integrity — We work with integrity, delivering unbiased, ethical, and accurate results.

Leadership — Our ambition is to be a recognized global leader in our field, who provides an impactful and lasting framework for future work.

Passion — Team members work with ardor and a strong commitment to the mission of GFLEC.

Positivity — We create a positive and invigorating work culture with a strong sense of community.

Respect — We treat others with courtesy and dignity.

Self-Improvement — All team members are encouraged to be ambitious and contribute to the continuously growing, learning and evolving spirit of GFLEC.

Teamwork — Our biggest asset is our people. We value collaboration and teamwork.


Annamaria Lusardi
Founder & Academic Director

Annamaria Lusardi is University Professor of Economics and Accountancy at the George Washington University School of Business (GWSB).  Moreover, she is the founder and academic director of GWSB’s Global Financial Literacy Excellence Center (GFLEC). Previously, she was the Joel Z. and Susan Hyatt Professor of Economics at Dartmouth College, where she taught for twenty years. She has also taught at Princeton University, the University of Chicago Harris School of Public Policy, the University of Chicago Booth School of Business, and Columbia Business School. From January to June 2008, she was a visiting scholar at Harvard Business School. She holds a Ph.D. in Economics from Princeton University and a BA from Bocconi University in Italy.

Dr. Lusardi has also won numerous research and other awards. The more recent ones include giving the Kahneman Lecture at the annual meeting of economic psychology and behavioral economics, the 2018 Ketchum Prize from FINRA Investor Education Foundation, the 2018 Oscar and Shoshana Trachtenberg Prize for Faculty Scholarship, the 2017 Skandia Research Award on Long-Term Savings (awarded in Sweden), the 2015 Financial Literacy Award from the International Federation of Finance Museums (awarded in China), the 2014 William A. Forbes Public Awareness Award from the Council for Economic Education, the 2013 William E. Odom Visionary Leadership Award from the Jump$tart Coalition for Personal Financial Literacy, and the National Numeracy Network’s inaugural 2012 Steen Award. Moreover, she is the recipient of the 2007 Fidelity Pyramid Prize, an award to authors of published applied research that best helps address the goal of improving lifelong financial well-being for Americans. She also received an honorary degree of Doctor of Science (Economics and Business Administration) from the University of Vaasa in Finland. In 2019, she was included in the Forbes list of the 100 successful women in Italy.

Dr. Lusardi chaired the Programme for International Student Assessment (PISA)’s Financial Literacy Expert Group. She also chairs the OECD/International Network on Financial Education’s Research Committee. In 2009, she served as a faculty advisor for the Office of Financial Education of the U.S. Treasury. In August 2017, she was appointed Director of the Financial Education Committee in charge of designing the national strategy for financial literacy in Italy.

Kristen Burnell
Executive Director

Kristen Burnell (she/her/hers) is the Executive Director at the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business. Kristen applies her expertise in financial literacy and education to shape the overall goals and strategy of the center as well as to promote the development and measurement of financial education programs globally. Her ultimate objective is to contribute to improved financial well-being. She joined GFLEC in 2012.

Previously, she spent seven years teaching high school social studies in New York City and Connecticut. Prior to teaching, she worked in development at Brigham and Women’s Hospital in Boston. Kristen earned a B.A. in History from the University of California, San Diego and an M.A. in Social Studies Education from Teachers College, Columbia University.

Andrea Hasler
Deputy Academic Director
Assistant Research Professor in Financial Literacy

Andrea Hasler is the Deputy Academic Director and an Assistant Research Professor in Financial Literacy at the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business. With her research, which is dedicated to financial literacy and capability, she seeks to inform policy as well as develop and promote financial literacy programs. At GFLEC, she leads the team of researchers and develops analyses for educational and policy initiatives. Hasler has recently worked on projects focused on financial literacy levels of the young, women, entrepreneurs, investors, and minorities in the U.S. and around the world. She also has expertise in financial fragility among U.S. households.

Additionally, Hasler serves as a member of Canada’s Research Sub-Committee of the National Steering Committee on Financial Literacy. She holds a Ph.D. in Finance as well as an M.Sc. and B.A. in Business and Economics from the University of Basel. During her doctorate, she spent two years at the New York University Stern School of Business conducting research on household saving and financial decision making. Moreover, she has been a lecturer at the University of Basel for six years. Her professional experience includes the development of an online advanced studies course in financial market theory and work as an analyst conducting global equity market research.

Curriculum Vitae ➤

Alessia Sconti
Research Economist

Alessia Sconti is a Research Economist at the Global Financial Literacy Excellence Center (GFLEC). Her research interests include evaluating the impact of financial education field experiments as well as studying financial literacy, personal finance, and financial behaviors. She is a research fellow at the Sapienza University of Rome and at the University of Verona where she has joined a regional financial education program for citizens and entrepreneurs. She has a Bachelor in Marketing and Management, a Master of Science in Banking and Finance, a Master in Economics and Finance and a PhD in Economics, Management and Statistics from the University of Messina. She spent a research visiting period at Masaryk University joining the MUELL laboratory.

Curriculum Vitae ➤


Research Team

Hallie Davis
Senior Research Associate

Nik Orellana
Research Assistant

Nikhil Yagnik
Research Assistant

Administration & External Relations Team

Archana Agrawal
External Relations and Operations Assistant

Bernadette Giron
Communications Specialist

Hanna Houdali
Communications Specialist

Alia Nasier
Graphic Designer

Grace Nicoll
Database Specialist

Writers and Editors

Audrey Brown

Mary Dempsey

Research Fellows

Andrea Bolognesi

Andrea Bolognesi is a Research Fellow at the Global Financial Literacy Excellence Center, where he joined as a Research Assistant in conjunction with the pursuit of his Master’s degree at the George Washington University. At GFLEC, Andrea has led research projects on the current state of US Millennials’ personal finances, and has participated in similar studies on US minorities among the elderly. In addition to this contribution, Andrea has led the development of an ESG literacy index, to be used in future research globally. Andrea is currently a Chief Trade Strategist at Lysas Trade Solutions, a trade advisory firm he founded in September 2020. He holds a Bachelor in Business Administration from the International University of Monaco, as well as a BS in Economics and a MA in International Economic Policy from the George Washington University.

Carlo de Bassa Scheresberg

Carlo de Bassa Scheresberg is a fellow at the Global Financial Literacy Excellence Center in Washington, DC. At the Center, Carlo has been responsible for the design, development, and delivery of research projects in financial literacy and financial capability for major stakeholders, such as regulatory agencies, financial corporations, and government organizations, including the Organisation for Economic Co-operation and Development and the European Investment Bank. At the moment, Carlo works as an entrepreneur in Italy, where he launched startup projects focusing on online entrepreneurship and personal finance. Carlo holds a BA in Management and a MSc in Economics from Bocconi University in Milan, Italy.

Noemi Oggero
Assistant Professor, University of Turin

Noemi Oggero is an Assistant Professor at the School of Management and Economics of the University of Turin and a Research Fellow at the Center for Research on Pensions and Welfare Policies (CeRP) at the Collegio Carlo Alberto. She has been a Temporary Research Faculty Member and a Research Associate at the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business, where she developed research projects on financial vulnerability and financial literacy. She has recently conducted research on household financial decision making, debt exposure, and retirement. She holds a PhD in Economics from University of Turin and Collegio Carlo Alberto.

Dorothy Wallace
Professor of Mathematics, Dartmouth College

Dr. Wallace is a professional mathematician with a strong dedication to improving mathematics and quantitative education at all levels. She possesses an unusual breadth of experience: research, teaching, research supervision, curriculum innovation and development, professional development, textbook publication, and overall promotion of new curriculum and pedagogy through systemic change. Dr. Wallace does not tweet or post, but her thoughts on the educational system and on specific teaching issues are available in her regular column for the journal Numeracy, “Parts of the Whole”.

With over 100 publications in pure and applied mathematics and mathematics education, Dr. Wallace has supervised 10 Ph.D. students in mathematics and two Masters students in Liberal Studies, as well as over 50 undergraduate research projects. She has received several teaching awards: The CASE (Carnegie Foundation for the Advancement of Teaching and the Council for Advancement and Support of Education) New Hampshire Professor of the Year Award (2000), the Dartmouth Graduate Mentoring Award (2005), and the Dean’s award for mentoring undergraduate research (2017). She has served as a consultant on numerous education projects nationally.

Wallace has co-authored two textbooks: one in quantum mechanics (The Bell that Rings Light) and the other in mathematical biology (Applications of Calculus in Biology and Medicine). A review of the recently published mathematical biology text says:

“The authors suggest a different pedagogical approach: turn the students into active independent researchers by asking them to pose and answer their own research problems. The concept is something like adopting a “research experiences for undergraduates” framework and applying it to a course in the regular curriculum.”

Wallace’s partnership with GFLEC began before GFLEC itself, with the development of “Money Matters” modules for teaching financial literacy in 2012, which include instructor notes and spreadsheets for student use. In addition, a series of video presentations offer faculty and students opportunities for faculty development and classroom discussion. An accompanying set of case studies offers students an opportunity to make financial decisions. Wallace organized and guided a team of her co-authors to create these materials, which are freely available online. Wallace is currently collaborating with Lusardi and Brown on a non-traditional personal finance textbook.

Before becoming involved in financial literacy, Wallace was a part of the growing effort to promote education in quantitative reasoning, in particular through a series of meetings, events and publications hosted by the National Council on Education and the Disciplines and funded by Pew Charitable Trusts, and culminating in the founding of the National Numeracy Network in 2000, of which Wallace was a founding board member. The early network included four centers providing technical support and curriculum development, one of which was at Dartmouth under Wallace’s supervision. As part of this work, Wallace organized and Dartmouth hosted two key meetings. The first, in 2004, formally established NNN as a membership organization with mission, vision and bylaws. The second meeting, in 2006, organized and launched the journal Numeracy, which serves as the research and professional journal for NNN, of which she is one of several editors.

Before her work in quantitative reasoning, Wallace led a major curriculum development project in interdisciplinary mathematics education. Under her direction as Principal Investigator, the “Math Across the Curriculum” project at Dartmouth, (supported by the National Science Foundation from 1995 to 2001 and including 53 collaborators at Dartmouth and 24 at other institutions), developed 12 new courses and curriculum materials affecting 13 more courses, including over 50 text, videos, and teaching modules supporting interdisciplinary mathematics education. The project sponsored or co-sponsored 7 professional development workshops serving 200 faculty from diverse fields.

Prior to these major projects, Wallace was involved in developing and teaching the current version Graduate Teaching Seminar in her home department, provides professional development for mathematics graduate students while also offering two weeks of summer “math camp” to local high school and middle school students.