Personal Finance

  • Journal Article

    The Effect of Housing Wealth Losses on Spending in the Great Recession

    This article represents the first U.S. study employing exclusively household-level longitudinal data spanning the Great Recession to estimate the response of household spending to negative wealth shocks induced by the sharp declines in house prices.

    Sep 20, 2019

  • Journal Article

    Financial Knowledge and Portfolio Complexity in Singapore

    This paper reports the first analysis of older Singaporeans' financial literacy using a unique new dataset, the Singapore Life Panel (SLP®).

    Sep 20, 2019

  • An adult son watches his mother cook, photo by DGLimages/Getty Images

    News Release

    Parents Who Support Unemployed Adult Children Curb Their Own Behavior

    Parents who financially help their unemployed adult children offset such costs by adjusting their behavior, particularly by spending less money on food, working more, and reducing retirement savings.

    Jul 9, 2019

  • Periodical

    RAND Review: May-June 2019

    This issue describes RAND research efforts to help schoolkids suffering from trauma; to help health care providers get better, more meaningful feedback; and to use technology to improve the lives of displaced people throughout the world.

    Apr 29, 2019

  • Woman seated on the floor, surrounded by bills and receipts, photo by David Sacks/Getty Images

    Commentary

    What the Shutdown Revealed About the Fragility of American Life

    The government shutdown highlighted the lack of resilience many suffer from when they encounter unexpected economic events. The median American family has been losing ground for decades. Policy responses to address this situation will be complex and difficult, but are much needed.

    Feb 11, 2019

  • Dissertation

    Financial Education among Financially Vulnerable Populations in the United States

    Examines if state-mandated financial education improves debt-related and college-going behaviors among economically vulnerable young adults.

    Aug 29, 2018

  • Top view of a young man with a stack of overdue bills

    Commentary

    What Keeps Millennials Awake at Night Could Change Over Time

    Millennials are less worried than baby boomers about national security topics and more worried about kitchen table issues, such as making ends meet each month and paying off debts. But this may have less to do with the fact that they are millennials and more to do with the fact that millennials are young.

    Jul 30, 2018

  • Young woman using a computer

    Multimedia

    Millennials and National Security

    In this Call with the Experts, Marek N. Posard and Kathryn Edwards discuss their new report, which compares attitudes and opinions of millennials with those of previous generations and draws inferences about potential millennial concerns about security. Andrew Parasiliti also joins the conversation to provide an overview of the Security 2040 project.

    Jun 28, 2018

  • Group of millennial business people

    Report

    What Do Millennials Think About Security Issues?

    As millennials become more prominent in the public and private sectors, their views will have greater influence. How do their attitudes toward security differ from those of previous generations? And what do these perceptions imply for U.S. security policy in 2040?

    Jun 14, 2018

  • Journal Article

    Subjective Mortality Risk and Bequests

    The results of this paper show a strong empirical relevance of subjective survival curves, indicating the importance to take into consideration of this dimension of individual heterogeneity in life cycle models.

    Oct 6, 2017

  • Graduates tossing their mortarboards in the air

    Commentary

    Is College Worth the Expense? Yes, It Is

    Many American students struggle with the soaring cost of higher education. And for many college students, debt can have severe negative implications. But on balance, the benefits of a college degree appear to outweigh the costs.

    May 22, 2017

  • A woman worrying at her desk

    Commentary

    We Still Know Little About Financial Well-Being

    There is a clear link between UK employees being concerned about their finances and negative health and well-being. The challenge for researchers is that financial well-being is hard to measure.

    Feb 20, 2017

  • New shoe and old shoe side by side.

    Commentary

    Trends in Inequality and the World's Eight Richest Men

    While Oxfam reports have done a good job of bringing attention to the problem of inequality, they may give the false impression that global inequality has been rising instead of falling. Global inequality has actually been on the decline while inequality within the developed world is increasing.

    Feb 10, 2017

  • Report

    Managing the Principal Agent Problem in Bolsa Familia: A look at contextual factors that affect the quality of implementation

    Bolsa Familia (BF) is a conditional cash transfer programme introduced in 2003 in Brazil. This report aims to understand the principal agent problem in BF.

    Nov 2, 2016

  • Illustration of people thinking and organizing their thoughts

    Commentary

    Book Review: 'Bourgeois Equality'

    In Bourgeois Equality, economist and historian Deirdre McCloskey advances the theory that ideas — not capital, institutions, innovation, R&D, tax policy, monetary policy, or regulatory policy — are the propelling force behind economic and societal growth.

    Sep 30, 2016

  • A young man looking at a computer screen

    Commentary

    You're Never Too Young to Plan for Retirement

    Saving early for retirement is critical, but it's also important to stay on track during job changes. Younger workers tend to change jobs often, and if they cash out of their plans with each position, that can affect their long-term savings.

    Sep 2, 2016

  • Demonstrators march in the Occupy LA protest through downtown Los Angeles to City Hall on October 15, 2011

    Commentary

    Fixing Inequality of Opportunity

    Research has fueled concerns about how income inequality drives inequality of opportunity. Commonsense approaches such as improvements in education and access to quality health care have been shown to provide young people with better opportunities.

    Jul 6, 2016

  • Piggy bank and school books in a classroom

    Tool

    A Tool for Reviewing K-12 Financial Education Curricula

    A bewildering array of curricula and materials is available to support K–12 financial education. This reviewing tool helps educators assess which to use, and to better understand the strengths and gaps in the curriculum currently in use.

    Nov 5, 2015

  • Report

    Development of a K–12 Financial Education Curriculum Assessment Rubric

    RAND researchers document the current state of the literature and advance a set of criteria for assessing the content, utility, quality, and efficacy of K-12 financial education curricula.

    Nov 5, 2015

  • Traders work on the floor of the New York Stock Exchange after an announcement by the Federal Reserve, October 28, 2015

    Commentary

    Zero Interest, Greater Inequality?

    Low interest rates mandated by the Federal Reserve may have had and possibly continue to have adverse effects on income inequality. Those who argue for continuing near-zero short-term interest rate policy should be cognizant of this.

    Nov 2, 2015