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Source: University of Wisconsin - Madison
Resulting in 1 citation.
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Schmeiser, Maximilian D. |
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Trigger Events and Financial Outcomes Over the Lifespan CFS Research Brief (FLRC 10-3), Center for Financial Security, University of Wisconsin-Madison, September 2010 Cohort(s): NLSY79 Publisher: University of Wisconsin - Madison Keyword(s): Armed Forces Qualifications Test (AFQT); Educational Attainment; Financial Literacy; Income Dynamics/Shocks; Resilience/Developmental Assets Permission to reprint the abstract has not been received from the publisher. This research identifies demographic groups vulnerable to trigger events to inform efforts to improve financial education. Specifically, this study examines the effects of trigger events on net worth throughout the life course. In general, educational attainment is a better predictor of resilience to a negative shock than intelligence but effects vary across age groups and by type of shock. The findings provide an opportunity to target financial education where it is most needed. |
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Bibliography Citation
Schmeiser, Maximilian D. "Trigger Events and Financial Outcomes Over the Lifespan." CFS Research Brief (FLRC 10-3), Center for Financial Security, University of Wisconsin-Madison, September 2010. |