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Are your employees in good financial shape? Evidence from a Fortune 25 company
July 01, 2022Abstract: Workplace financial education is crucial for helping working adults improve their financial well-being. This report shows the results of a six-week challenge called Fast Track to Financial Health, a joint project between Edelman Financial Engines (EFE) and the George… Read More »
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Testing the Use of the Mint App in an Interactive Personal Finance Module
February 09, 2021Summary: If today’s youth are to be full participants in society, they must be financially literate. To advance understanding of effective financial education methods, the Global Financial Literacy Excellence Center (GFLEC) conducted an experiment using Mint, a financial improvement tool… Read More »
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Debt Close to Retirement and its Implications for Retirement Well-Being
January 06, 2021Abstract: We analyze debt and debt management of Americans nearing retirement age, to document that older people have numerous financial obligations that can lead to financial distress. Using data from the 2015 National Financial Capability Study and drawing on an… Read More »
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Remaking Retirement: Debt in an Aging Economy
November 18, 2020Summary: Around the world, people nearing and entering retirement are holding ever-greater levels of debt than in the past. This is not a benign situation, as many pre-retirees and retirees are stressed about their indebtedness. Moreover, this growth in debt… Read More »
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Financial Education Affects Financial Knowledge and Downstream Behaviors
April 25, 2020Abstract: We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. The evidence shows that financial education programs have, on… Read More »
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Financial Education Works
February 19, 2020Summary: This podcast talks about the state of financial literacy in the United States, income inequality across communities, and the impact of financial education.
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Income Growth and the Distributional Effects of Urban Spatial Sorting
October 03, 2019Watch the video.
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Retirement Savings for All – The Importance of Financial Literacy and FinTech Solutions
January 04, 2019Watch the video.
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Financial Literacy and the Need for Financial Education: Evidence and Implications
December 19, 2018Introduction Throughout their lifetime, individuals today are more responsible for their personal finances than ever before. With life expectancies rising, pension and social welfare systems are being strained. In many countries, employer-sponsored defined benefit (DB) pension plans are swiftly giving… Read More »
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What Do Hand-Washing and Financial Illiteracy Have in Common?
July 17, 2018Summary: This podcast explores the idea that most problems are solved by more education — except when they’re not. Director Lusardi explains that financial education is the path forward to a more financially literate world.
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Debt and Financial Vulnerability on the Verge of Retirement
June 30, 2017Abstract: We analyze older individuals’ debt and financial vulnerability using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS). Specifically, in the HRS we examine three different cohorts (individuals age 56–61) in 1992, 2004,… Read More »
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ENTREPRENEURSHIP AMONG BABY BOOMERS: RECENT EVIDENCE FROM THE HEALTH AND RETIREMENT STUDY
October 03, 2016Abstract: We study entrepreneurship among Baby Boomers using data from the US Health and Retirement Study (HRS). Using two different definitions of entrepreneurship (being self-employed and being a business owner), we compare entrepreneurs to non-entrepreneurs and entrepreneurs who were age… Read More »
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HOUSEHOLD FINANCIAL FRAGILITY: EVIDENCE AND IMPLICATIONS
September 29, 2016Macrofinancial Symposium: Links between Financial Markets and the American Economy
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Financial Literacy Seminar Series with Abigail Sussman: Anchors, Target Values, and Credit Card Payments
May 27, 2016Watch the Video
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Household Financial Fragility: Evidence and Implications
April 22, 2016Netherlands - OECD Global Symposium on Financial Resilience throughout Life
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The Effect of Financial Education on the Quality of Decision Making
November 19, 2015Watch the video.
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THE GLOBAL FINDEX DATABASE 2014: MEASURING FINANCIAL INCLUSION AROUND THE WORLD
September 17, 2015Watch the video.
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The Global Findex Database 2014: Measuring Financial Inclusion Around the World
September 17, 2015Watch the video.
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The Effect of Financial Education on the Quality of Decision Making
June 29, 2015Abstract: We introduce the concept of financial competence, a measure of how closely individuals’ choices align with those they would make if they properly understood their opportunity sets. The concept is firmly rooted in the principles of choice-based behavioral welfare analysis and… Read More »
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Inflation Expectations and Behavior: Do Survey Respondents Act on Their Belief?
October 16, 2014Watch the video.
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Trying the Impossible–Financing 30-Year Retirements with 40-Year Careers: A Discussion of Social Security and Retirement Policy
September 25, 2014Watch the video.
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Inattention and Inertia in Household Finance: Evidence from the Danish Mortgage Market
March 20, 2014Watch the video.
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Active vs Passive Decisions and Crowd-Out in Retirement Savings Accounts
April 18, 2013Watch the video.
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Do Consumers Know How to Value Annuities? Complexity as a Barrier to Annuitization
March 21, 2013Watch the video.
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Retiree Out-of-Pocket Healthcare Spending: A Study of Consumer Expectations and Policy Implications
March 07, 2013Watch the video.
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Experimental Evidence of the Efficacy of Financial Education for Adults: A Cross Experiment Comparison
December 13, 2012Watch the video.
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Early Withdrawals from Retirement Accounts During the Great Recession
November 29, 2012Watch the video.
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A Complex Portrait: An Examination of Small-Dollar Credit Consumers
November 15, 2012Watch the video.
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A Complex Portrait: An Examination of Small-Dollar Credit Consumers
November 01, 2012Watch the video.
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Social Security and Retirement Decisions: The Impact of Knowledge and Framing
October 04, 2012Watch the video.