Targeting Financial Management Training at Low‐Income Audiences

  title={Targeting Financial Management Training at Low‐Income Audiences},
  author={Steven G. Anderson and Min Zhan and Jeff Scott},
  journal={Journal of Consumer Affairs},
While interest in financial management training programs for low-income persons has grown in recent years, the specific training needs of low-income consumers have not been well articulated. This article describes needed training content for such audiences, based on review of previous research and the authors' experiences in evaluating the Financial Links for Low-Income People (FLLIP) program. We also illustrate how the choice of financial management training models can seriously impact the… 

Annual Report on the ASSET Project's Head Start Family Financial Capability Pilot: 2014–2015

This report presents results from a mixed-methods evaluation of the second year of a pilot financialcapability intervention with Head Start families in the St. Louis metropolitan area. The

Does Financial Education Affect Soldiers’ Financial Behavior?

Financial education does seem to have an effect on specific financial management behaviors. Simple bivariate analyses revealed several behavior impacts. With more robust mulitvariate analysis,

Translating Financial Education into Behavior Change for Low-Income Populations

The impact that financial education had on the financial behaviors of (a) the agency staff who were trained to deliver the program and (b) the low-income individuals who participated in the program

Do Financial Literacy Classes Help? An Experimental Assessment in a Low-Income Population

ABSTRACT Although programs designed to increase financial literacy are widely promoted, there is little evidence of their impact on financial knowledge or behavior. The present study used an

Evaluating a financial literacy program: the case of the Australian MoneyMinded program

The promotion of higher levels of financial inclusion has become a major issue of policy concern and action across a number of countries, including the US, UK and Australia. Typically programs to

Inmate Perceptions of Financial Education Needs: Suggestions for Financial Educators.

45 Introduction In the wake of the economic crisis of the late 2000s, renewed national attention has turned to the topic of financial education. Former President Bush created the first President’s

Are Financial Education Programs Meeting the Needs of Financially Disadvantaged Consumers?

This paper uses data collected from a retrospective pre-test to investigate the impact that a financial education program has on participants' financial behaviors. Specifically, we compare program

Why Do Households Lack Emergency Savings? The Role of Financial Capability

This work analyzed data from the 2009, 2012, 2015, and 2018 National Financial Capability Surveys and found that subjectivefinancial knowledge, financial confidence, and savings account ownership, but not objective financial knowledge, were significant and consistent predictors of having an emergency fund.

Are We Making the Grade? A National Overview of Financial Education and Program Evaluation

Many financial education providers still do not have a basic level of evaluation capacity and are unable to identify program outcomes and design effective evaluation instruments. It is difficult to

Financial Literacy to Financial Capability: Building Financial Stability and Security

An increasingly financialized world requires people to make more complex financial calculations and decisions throughout their lives. This fact has led to appeals for improved financial literacy and



Social work advocacy in the post-TANF environment: lessons from early TANF research studies.

This study examined early research findings concerning the well-being of people who leave Temporary Assistance for Needy Families (TANF) programs and applies these findings in the development of TANF-related advocacy strategies and argues that attention to such advocacy efforts is both critical and opportune for social work.

Cash Flow Management And Credit Use: Effect Of A Financial Information Program

The purpose of the study was to examine cash flow and credit use three months after participants completed a series of women's financial information workshops. Being older, having feelings of

Credit card debts of the poor: High and rising

In this article we report on a little-known aspect of the consumer credit explosion: It has also happened among the poor. Focusing on credit cards, we use data from four releases of the Survey of

A little knowledge is a good thing: empirical evidence of the effectiveness of pre-purchase homeownership counseling

We are deeply indebted to Jim Carey for providing us with the opportunity to do this research and for sharing his knowledge about counseling, to Oliver Zeng for his outstanding work in developing the

Ensuring the stability of welfare-to-work exits: the importance of recipient knowledge about work incentives.

To improve recipient responsiveness and well-being, work incentives need to be simplified and strategies developed for better dissemination of information to recipients.

Changes in the distribution of banking offices

The past twenty years have been marked by major structural and regulatory changes in the banking industry. This article explores the relationships between these changes and the distribution of "brick

The Medicaid Eligibility Maze: Coverage Expands, but Enrollment Problems Persist

This report looks at five states to highlight common problems that all states are facing as they struggle to maintain Medicaid enrollment for low-income children and their parents. These problems

When Work Disappears

For the first time in the twentieth century most adults in many innercity ghetto neighborhoods are not working in a typical week. The disappearance of work has adversely affected not only

Top heavy : a study of the increasing inequality of wealth in America

Once considered the land of opportunity, it is thought that America now has a gap between the haves and the have-nots that is much wider than in Europe, and that the concentration of wealth is at its