Financial Literacy Conference

The George Washington School of Business

Thursday, June 21, 2012 | 8:00 AM - 5:00 PM

Improving Financial Literacy and Capability: What Works?


The objective of this conference is to present the innovative ideas and work of the Financial Literacy Center teams. Each presentation provides a brief project overview, insights on what works to improve financial literacy and financial capability, and a discussion about what remains to be answered with further work.

Session 1: Understanding and Measuring Financial Literacy

Moderator: Annamaria Lusardi, GWSB


Measuring Financial Literacy and Financial Capability

Arie Kapteyn, RAND; Annamaria Lusardi, GWSB


Understanding the Geography of Financial Literacy in the U.S.

Chris Bumcrot, Applied Research and Consulting


Optimal Knowledge and Wealth Inequality

Olivia S. Mitchell, Wharton


Discussant: Gary Mottola, FINRA Investor Education Foundation




Session 2: Financial Literacy among Young People

Moderator: Melora Heavey, American Institute of CPAs


Building Financial Literacy for K–8 Pre-Service Teachers and Adult Learners

Dorothy Wallace, Dartmouth College


Five Steps to Financial Planning Success

Joanne Yoong, RAND; Anya Savikhin, University of Chicago


Demonstrating the Returns to Work for Children after SSI

Jody Hoff, Federal Reserve Bank of San Francisco


Discussant: Billy Hensley, National Endowment for Financial Education




Session 3: Financial Literacy among the Middle Aged

Moderator: Arie Kapteyn, RAND


The Persistence of Defaults: When, Why and for Whom?

David Laibson, Harvard


Do Financial “Health” Checkups Prompt Behavioral Changes?

Matthew Darling, ideas42


Discussants: Janet Garkey, Credit Union National Association; Sarah Holden, ICI


“The Storm to Come”: A Conversation about Annuities     

Moderator: Catherine Weatherford, Insured Retirement Institute

Panelists: Olivia S. Mitchell, Wharton; David Laibson, Harvard




Session 4: Financial Education in the Workplace

Moderator: Joe Piacentini, Department of Labor


Evaluating Workforce Financial Education and Encouraging New Hires to Save for Retirement

Annamaria Lusardi, GWSB


Can Commitment Savings Help Americans Be Better Prepared for Retirement?

David Laibson, Harvard


Discussants: Sol Carbonell, Boston Fed; Dan Iannicola, Financial Literacy Group




Session 5: Financial Literacy Close to and After Retirement     Moderator: William D. Novelli, Global Social Enterprise Initiative, Georgetown


How Financial Advisors Influence Social Security Claiming

Mathew Greenwald, Mathew Greenwald & Associates


What Are the Real-World Framing Influences on Retirement Claiming Behavior?

Arie Kapteyn, RAND


Improving Understanding of Retirement Health Care Expenditures

Howell Jackson, Harvard Law School


Discussants: Ken McDonnell, Insured Retirement Institute; Ryan Wilson, AARP




Session 6: Financial Literacy for Vulnerable Groups

Moderator: David Rogofsky, SSA


Improving Legal Immigrants’ Access to Financial Services

Silvia Barcellos, RAND


Raising Awareness of Tax-Time Saving Options (for the low-income population)

Nick Maynard, Doorways to Dreams


Encouraging Better Financial Decision Making Among Low-Income and Minority Groups

Nick Maynard, Doorways to Dreams


Discussant: Jeanne Hogarth, FRB


PANEL DISCUSSION: Directions for Further Research      

Moderator: Jason Fichtner, George Mason and Georgetown

Panelists: Gerri Walsh, FINRA; Camille Busette, CFPB



 

Copyright © 2012 Global Center for Financial Literacy. All rights reserved.

Presentation of the FLC

Annamaria Lusardi, GWSB