Events

Financial Literacy Conference

June 21, 2012

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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