Wong’s advice for those who enjoy retail therapy is to have at least three months of income saved up, use a debit card, and be mindful to spend within your means. If you must shop, …
Consumer Science
Halpern-Meekin: Monthly child tax credit changed from policy to politics
While critics and champions of the expanded child tax credit debate its merits, they agree it’s hard to predict its future, both in terms of the form that credit might take and the impact on …
Dr. Megan Bea nominated for Kanter Award
Assistant Professor Megan Doherty Bea has been selected as a nominee of the 2021 Rosabeth Moss Kanter Award for Excellence in Work-Family Research for her article “His and her earnings following parenthood in the United …
Financial Coaching in Practice: Findings From a Survey of Financial Coaches
Financial coaching is an emerging strategy to help people enhance financial capability and well-being. However, few studies of coaching practices have been completed. A survey of 273 coaches in the United States provides insight into …
Robb: Will Omicron change how people act?
Associate Professor Cliff Robb says not so much, as consumer confidence is still strong despite risk. “It’s almost like we’ve embraced this element of, well, this is going to be weird,” says Cliff Robb, an …
Robb: Will 72-mo auto loans tank the economy?
Robb in Newsweek: 72-mo auto loans last longer than owners want the car
“The general idea is that people – after about five years – do tend to want a new vehicle,” Cliff Robb told Newsweek. “And that’s what makes these loans so interesting. You’re putting yourself into …
How might financial life skills courses impact student knowledge & behavior?
This research paper authored by Associate Professor Cliff Robb and PhD student Somalis Chy discusses how freshmen/sophomore students who take a financial life skills course might have a different impact on their financial well-being, stress, …
Harvey/Collins: Can Milwaukee teach financial literacy to every child?
“The stakes are really high.” In this special report the Milwaukee Journal Sentinel explores a growing movement to teach financial literacy to every child in Milwaukee. Nearly one in five 15-year-olds in the U.S. struggles …
Research on financial vulnerability receives fourth year of funding
U.S. Social Security Administration approves 13 major research projects, investigating a range of social insurance topics, including the Child Tax Credit, the geography of long-term care, the effects of COVID-19 on older adults, and improving trust among those targeted by scams and frauds.