Join us for a panel discussion with experts from the National Endowment for Financial Education (NEFE) and MissionSquare Research Institute (MSRI). This session is designed to empower conference attendees with the knowledge and tools needed to secure funding for impactful research.
NEFE's panelists will discuss their commitment to rigorous, innovative, and actionable research that increases the financial education community’s body of knowledge, provides insight into financial behavior, and contributes to the field’s understanding of effective educational practices. Attendees will learn about previously funded research topics, the current grant cycle, and receive tips for successful grant applications.
MissionSquare's head of research will highlight the institute's commitment to supporting research in key public sector workforce areas, including Financial Health and Wellness, Retirement and Workplace Benefits, and State and Local Government Excellence. Attendees will learn about preselected research topics, available data, and survey resources along with funded research opportunities.
This study examines the relationship between mathematical confidence and financial literacy, exploring how both independently and interactively influence financial behaviors. Utilizing data from the 2021 National Financial Capability Study, the research investigates if confidence in mathematics complements financial knowledge in predicting positive financial actions, such as saving, emergency fund management, and retirement planning. Findings indicate that mathematical confidence is significantly associated with specific financial behaviors, including retirement contributions and planning, and that the interaction between mathematical confidence and financial literacy correlates with emergency fund ownership. The study underscores the potential of incorporating mathematical competence into financial education efforts to enhance financial well-being and suggests future research directions for understanding the nuanced roles of math skills in financial decision-making.
Financial literacy is essential for young people’s financial well-being. For young people striving for financial independence, financial well-being is a crucial part of life-satisfaction and identity. Frequent presence on social media and other online platforms makes young people particularly susceptible for commercial persuasion, also exposing them to scams and frauds. Therefore, young people also need digital financial literacy. In the current study, we examined, using structural equation modelling, how young people’s financial and digital financial skills and susceptibility to persuasion relate to online shopping scam victimization, and how online scam victimization affect indebtedness and subjective financial well-being. We found that a high level of financial literacy and digital financial skills reduced young people’s probability to become victims of online shopping scams. Susceptibility to persuasion increased the risk for online shopping scam victimization, which increased the likelihood of indebtedness and decreased subjective financial well-being. Based on our results we argue that financial and digital education should include advanced knowledge of the persuasion techniques in digital environments to help young people combat fraud and scams. In addition to schools and families, also other societal actors and networks are needed to build young people’s resilience to online persuasion and scams.
This study investigates how different indicators of FWB changed between 2017 and 2022 for individuals with varying levels of financial literacy across different income groups in the United States. By analyzing these trends, this study aims to provide insights into the interactive role of financial literacy, economic conditions, and social safety net generosity in shaping FWB. The findings of this study have implications for advancing the theoretical understanding of FWB and for informing financial advising practices and public policy initiatives aimed at enhancing financial stability and resilience among vulnerable populations.
