Anchored Message Worksheet

Record Description
This worksheet helps practitioners understand how to use the behavioral economics concept of “anchoring” in a goal setting conversation with clients. Anchoring means sharing information that may influence an individual’s behavior in one direction, without explicitly telling them what to do. (For example, posting a suggested donation of $10 for museum entry is an anchor – you do not have to donate $10, but many people likely will.) The worksheet addresses setting a savings goal, but the concept can be applied to any type of goal.
Record Type
Combined Date
2018-05-31T20:00:00
Source
Region
City/County
URL
https://s3.amazonaws.com/files.consumerfinance.gov/f/documents/cfpb_anchored_me…
Publication Date
2018-06-01
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New Tax Code’s Implications for Low-Income Families

Record Description
This factsheet from the Institute for Research on Poverty at the University of Wisconsin-Madison provides an overview of the new provisions under the Tax Cuts and Jobs Act that was passed in late 2017 and how they will affect low-income families. It covers important tax provisions such as the Child Tax Credit and the Earned Income Tax Credit and offers suggestions for future research on the effects of the new tax code.
Record Type
Combined Date
2018-05-31T20:00:00
Source
Region
City/County
URL
https://www.irp.wisc.edu/wp/wp-content/uploads/2018/06/FF33-2018.pdf
Publication Date
2018-06-01
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New Financial Empowerment Tools for People with Disabilities

Record Description
This blog post from the Consumer Financial Protection Bureau highlights a new resource that the Bureau has released called "Focus on People with Disabilities" which is a companion piece to a financial empowerment toolkit previously released. The guide covers information such as how Supplemental Security Income works, identifying financial abuse and exploitation, and ways to pay for assistive technology. Additionally, the Bureau has 11 new tools to help organizations and their staff implement this toolkit.
Record Type
Combined Date
2017-09-05T20:00:00
Source
Region
City/County
URL
https://www.consumerfinance.gov/about-us/blog/new-financial-empowerment-tools-p…
Publication Date
2017-09-06
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ProPelled: The Effects of Grants on Graduation, Earnings, and Welfare

Record Description
This working paper from the Upjohn Institute for Employment Research examines the effects of receipt of the federal Pell Grant on future earnings of low-income students and a cost-benefit analysis for the program. Researchers found that Pell Grant receipt greatly increases the chance of graduation and that within 10 years, the taxes from earnings of former Pell Grant recipients will fully recoup the total federal expenditures on the original grants. In addition, the social welfare implications of grant aid are discussed.
Record Type
Combined Date
2017-08-31T20:00:00
Source
OFA Initiatives
Region
City/County
URL
http://research.upjohn.org/up_workingpapers/280/
Publication Date
2017-09-01
Section/Feed Type
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Final Evaluation Report: The DAD MAP Evaluation: A Randomized Controlled Trial of a Culturally Tailored Parenting and Responsible Fatherhood Program, February 2018

Record Description
This study from the Fatherhood Research and Practice Network provides the final evaluation results of a randomized controlled trial of a culturally tailored fatherhood curriculum for low-income fathers residing in Baltimore, Maryland. The program is called “Developing all Dads for Manhood and Parenting” (DAD MAP); study results showed some gains in desired outcomes in the short term, but the gains waned as time passed after program completion.
Record Type
Combined Date
2018-05-21T09:04:57
Source
OFA Initiatives
Region
City/County
URL
Final Evaluation Report
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Attachment Size
The DAD MAP Evaluation 771.01 KB

Degrees of Poverty: The Relationship between Family Income Background and the Returns to Education, March 2018

Record Description

This study from the Upjohn Institute for Employment Research examined the career earnings following a four-year college degree (versus a high school diploma) for students from a low-income background and compared them to those from a higher-income background. The results showed that there was a significant difference in earnings between the two income backgrounds even though they had both earned a four-year degree.

Record Type
Combined Date
2018-05-21T08:57:15
Source
Region
City/County
URL
http://research.upjohn.org/up_workingpapers/284/

Preparing America’s Young Workers for Success

Record Description
This report from the Consumer Financial Protection Bureau shares the proceedings from the "Youth Employment Success Roundtable: Setting Up America’s Young Workers For Success" which took place in February 2017. The roundtable convened federal agencies, municipal workforce leaders, and other stakeholders to discuss best practices and next steps for integrating financial literacy initiatives into youth employment programs.
Record Type
Combined Date
2017-12-12T19:00:00
Source
OFA Initiatives
Region
City/County
URL
https://www.consumerfinance.gov/about-us/blog/preparing-americas-young-workers-…
Publication Date
2017-12-13
Section/Feed Type
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2017 Financial Literacy Annual Report

Record Description
This report from the Consumer Financial Protection Bureau describes the work the Bureau has done most recently to improve the financial literacy of Americans. The report highlights the helpful consumer guides the Bureau makes available to the public to assist in financial decisions, supported local community programs, resources to educate youth on financial literacy, and ways the Bureau supports financial literacy professionals in their work.
Record Type
Combined Date
2017-11-08T19:00:00
Source
Region
City/County
URL
https://www.consumerfinance.gov/data-research/research-reports/2017-financial-l…
Publication Date
2017-11-09
Section/Feed Type
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Consumer Financial Protection Bureau: Booklets to Help Talk about Money

Record Description

The Consumer Financial Protection Bureau (CFPB) offers colorful, visually appealing booklets for counselors addressing basic financial management skills with clients. Behind on bills? helps clients get a handle on cash flow, prioritizing bills and expenses, and creating an action plan. Debt getting in your way? helps clients map out existing debt, set repayment goals, and avoid future debt. Each booklet contains simple tools that can stimulate conversations about financial management. Booklets can be ordered from the CFPB for free.

 

Record Type
Combined Date
2018-04-01T20:00:00
Source
Region
City/County
URL
https://www.consumerfinance.gov/practitioner-resources/your-money-your-goals/bo…
Publication Date
2018-04-02
Section/Feed Type
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The Value of Financial Literacy and Financial Education for Workers

Record Description
A financially literate workforce helps the economy, but acquiring the needed skills can be costly. The level of financial literacy in developed countries is low and contributes to growing wealth inequality. Benefits from increasing the level of financial literacy include more effective saving for retirement and better debt management. However, there are significant costs related to acquiring financial literacy in terms of time and money, which implies that the net value of acquiring financial literacy is heterogeneous in the population. This potentially makes designing effective interventions difficult. Please refer to the supporting evidence map for greater details.
Record Type
Combined Date
2017-01-01T19:00:00
Source
Region
City/County
URL
https://wol.iza.org/articles/the-value-of-financial-literacy-and-financial-educ…
Evidence Map for the Value of Financial Literacy and Financial Education for Wo…
Publication Date
2017-01-02
Section/Feed Type
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