Featured Events, News & Activities
Workshop Highlights New Ideas to Help Consumers Make Better Financial Decisions
These videos offer presentations from "Emerging Research on Financial Literacy: A Workshop," held by the Financial Literacy Center, which brought together FLC scholars with policymakers and practitioners in the financial literacy field.
 View the Videos
Por Qué los Consumidores Jóvenes Deberían Limitar el Gasto
In this Spanish-language video, FLC codirector Olivia Mitchell discusses why the young should limit consumer spending. The interview was conducted by Knowledge@Wharton High School, an online journal for students interested in finding out more about the world of business.
View the Video at youtube.com
More Than Fun & Games: 2011 Prize Linked Savings Conference
Doorways to Dreams is hosting the first ever Prize-Linked Savings Conference on November 18, 2011 in Boston. They are bringing together financial service executives, policymakers and public officials, researchers, legal experts, entrepreneurs and funders for a robust discussion of the role prizes-linked structures can play in motivating savings and innovative models to scale PLS nationally.
 Read More at d2dfund.org
Retirement Heist? Pensions, Past and Present
In discussing a new book, Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers by reporter Ellen Schultz, FLC codirector Olivia Mitchell noted how U.S. law and the underfunding of both employer and federal benefit plans are shortchanging the retirement accounts of U.S. workers.
Read More at knowledgetoday.wharton.upenn.edu
Financial Literacy Center Webinar for Personal Finance Journalists
This webinar presents findings from top researchers in the field of financial literacy, detailing what Americans know and still need to learn about managing their money, and what can be done to teach them. It offers a preview of emerging findings from two years of research by the Financial Literacy Center.
View the Webinar
Retirement Advice: Don't Get Old, Don't Get Sick, Don't Retire
In late summer, Forbes interviewed FLC codirector Olivia Mitchell on the underfunding of Social Security and Medicare, states' plans to delay retirement age, and the benefits of not retiring. She spoke directly with Steve Forbes about entitlement programs, pensions, and the future of retirement as a guest on Intelligent Investing.
Read More at forbes.com View the Video at forbes.com
How Gender and Personality Shape Financial Literacy and Planning
The FLC's Olivia Mitchell talks to the Australian School of Business about how men and women differ in financial knowledge, and how this—along with personality traits like patience and the ability to delay gratifaction—shapes their retirement wealth and investment behaviors.
View the Video at knowledge.asb.unsw.edu.au
Olivia S. Mitchell One of the 25 Most Influential People in 2011
Financial Literacy Center associate director Olivia Mitchell was selected by Investment Advisor as one of the most influential people in and around the advisor universe for her retirement research and impressive C.V.
Read More at advisorone.com
Videos Now Available from 2010 Financial Literacy Research Consortium
The Financial Literacy Consortium held its first annual conference November 18 and 19, 2010—"New Insights and Advances in Financial Literacy"—where scholars presented their research and discussed how programs, educational products, and policies can best promote financial planning and security. Videos of all 36 presentations are now online.
View the Videos
Deferring Retirement Has a Silver Lining
The FLC's Olivia Mitchell talks to the Australian School of Business about gaps in financial literacy and the implications of increasing life expectancy for financial planning.
View the Video at knowledge.asb.unsw.edu.au
Bite Club: Take a Bite out of Debt and Spending
For low-income adults, building retirement savings can seem completely out of reach given pressing needs to pay down debt and manage daily expenses. In Bite Club, players manage a "day club" for vampires and experience the familiar tension between servicing debt, spending money, and saving for the future as the game unfolds. By featuring vampires, who live forever, the game highlights the impact of long-term savings over a 45-year span in a 15-round game.
 Read More about the Project View the Video Game Trailer
Featured Studies
Couple's Higher Numeracy Skills Are Linked with Greater Family Wealth
Couples who score well on a simple test of numeracy ability accumulate more wealth by middle age than couples who score poorly on such a test.
 News ReleaseRead Article at wiley.com
How Do Mutual Fund Fees Affect Investor Choices?
The results from 1000 survey respondents show how mutual fund fees affect investor choices. Differences in measured financial literacy predict differences in behavior, with lower rates of literacy among women accounting for differences in choice behavior by gender.
 RAND Document Related Article at usnews.com
How Do Americans Fare in Financial Capability?
In consultation with the U.S. Department of the Treasury and the President's Advisory Council on Financial Literacy, the FINRA Investor Education Foundation commissioned a national survey of the financial capability of American adults.
In this Population Reference Bureau interview, FLC Director Annamaria Lusardi discusses the findings of the report.
Take the Financial Knowledge Test
See how your financial knowledge compares to other Americans by answering five questions taken from the national survey, Financial Capability in the United States.
More »Featured Project
Defaulting on Yourself: Who Loses at 401(k) Loans?
This research analyzes the advantages and disadvantages of the loan feature of 401(k) plans, particularly the extent of defaults, the conditions that lead to them, and their costs in terms of well-being in retirement.
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FLC Leadership
The Financial Literacy Center is led by Director Annamaria Lusardi (center) of George Washington University and RAND; Associate Director Arie Kapteyn of RAND; and Associate Director Olivia S. Mitchell of the Wharton School, all of whom have international reputations for their work on financial literacy.
Director's Blog
FLC Partners
Three core partner institutions manage the research and dissemination for the Center.
Research partners support pioneering studies on financial literacy.
Strategic partners provide guidance to ensure that the Center is reaching the people it is designed to serve.
A board of outside scholars of nationally recognized experts in financial services, chosen by the Center and the SSA, offers the Center guidance on meeting its objectives.
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