There are reasons to believe American students from the middle- and lower-income tiers aren't making affordable college choices. Can a new ratings system help them make better, more affordable decisions?
Today, Democrats are more than six times likelier than Republicans to believe the U.S. government should play a role in reducing income inequality. This is not due to differences in age, gender, education, or income distributions among the two parties.
Because people consume less in their golden years, the conventional wisdom that most Americans are financially unprepared for retirement doesn't hold up. Evidence suggests that about 71 percent of older Americans are adequately prepared for retirement.
Women with higher loan balances may be less likely to get married than their peers with lower or no loan balances. But as time goes on, young adults adjust to their post-college financial situation and eventually get promotions, earn raises, obtain other assets, and get married.
Spending declines at small rates at retirement, rates that could be explained by mechanisms such as the cessation of work-related expenses, unexpected retirement due to a health shock or by the substitution of time for spending.
One of the chief aims of the Affordable Care Act (ACA) is the expansion of insurance coverage to individuals who at present either cannot afford it or choose not to purchase it. Unfortunately, many Americans lack the financial literacy needed to navigate the numerous and complex options thrust upon them by the ACA.
What effect has the financial crisis had on households and health? RAND researchers seek to quantify the effects of the crisis on older U.S. households, and the adjustments made in response. With this information, they aim to determine whether downturns in economic status are associated with declines in health.
People with low levels of financial literacy are more easily influenced by the default settings of employee savings plans. The Financial Literacy Center is measuring differences in default effects for employees at companies with auto-enrollment retirement plans, focusing on differential behavior by income.
Hispanic immigrants constitute a rapidly growing share of the U.S. population but are less likely to be financially literate than natives. RAND researchers are investigating barriers to Hispanic immigrants' use of financial services and evaluates financial education materials for them.