Asset Building Events Financial Capability Events Events 2020 Financial Inclusion Events

Financial Capability and Asset Building: Achievements, Challenges, and Next Steps

Date: September 24, 2020 and February 25, 2021
Location: Virtual Conference

The Center for Social Development at Washington University in St. Louis and the Financial Social Work Initiative at the University of Maryland School of Social Work are hosting the Financial Capability and Asset Building: Achievements, Challenges and Next Steps (2020–2025) convening. The primary sponsor of the convening is the National Endowment for Financial Education (NEFE), which supports the advancement of research and education in financial capability. This event is cosponsored by the Woodside Foundation and the Grand Challenges for Social Work.

This two-part virtual convening will bring together scholars and educators to examine contributions in research, education, and practice; discuss challenges, and map out an FCAB agenda for the next five years. It aims to advance FCAB in research, education, practice and strengthen networks among FCAB scholars, educators, professional associations, and funders.

Part I:
FCAB Policies: Race and Inequality
in the C
OVID-19 Era
Thursday, September 24, 2020

Part II:
Theory, Evidence, Education,
and Practice in FCAB

Thursday, February 25, 2021

Part I  FCAB Policies: Race and Inequality in the COVID-19 Era

Thursday, September 24, 2020, 10:00 am – 4:30 pm (central time zone

Introduction Videos

Education Resource Videos

Agenda

Welcome                                                                                                                           10:00 am – 10:05 am

  • Mary McKay, Dean, Brown School

Opening                                                                                                                             10:05 am – 10:20 am

  • Billy Hensley, President and CEO, National Endowment for Financial Education

Opening Plenary                                                                                                            10:20 am – 11:00 am

  • Devin Fergus, Arvarh E. Strickland Distinguished Professor, History and Black Studies, University of Missouri (PowerPoint)
  • Discussant – Trina Shanks, Director of SSW Community Engagement; Professor of Social Work, University of Michigan School of Social Work

Research Posters                                                                                                             11:00 am – 11:15 am

COVID-19 and FCAB – Where Do We Stand Now?                                             11:15 am – 11:40 am

  • William (Bill) Emmons, Economist and Assistant Vice President, Federal Reserve Bank of St Louis (PowerPoint)
  • Discussant: David Rothwell, Associate Professor, Oregon State University

Concurrent Research Panels                                                                                      11:45 am – 1:00 pm

Research Panel 1: Research on and Testing Financial Capability Theory
INTERACTING INFLUENCES ON FINANCIAL WELL-BEING

Jeffrey Anvari-Clark, University of Maryland School of Social Work (PowerPoint)

HOUSEHOLD FINANCIAL CAPABILITY AND ECONOMIC HARDSHIP: AN EMPIRICAL EXAMINATION OF THE FINANCIAL CAPABILITY FRAMEWORK

Sicong Sun, Washington University in St. Louis; Yu-Chih Chen, Assistant Professor, The University of Hong Kong; & Jin Huang, Associate Professor, Saint Louis University (PowerPoint)

INTEGRATION OF AN EMPOWERMENT-BASED FCAB PRACTICE IN WIOA STATEWIDE WORKFORCE INNOVATION PROGRAM IN ILLINOIS

Philip Hong, Professor & Associate Dean for Research, Loyola University (PowerPoint)

Moderator

David Ansong, Assistant Professor, University of North Carolina at Chapel Hill

Research Panel 2: Financial Capability and Wealth/Assets by Population

LANGUAGE RESOURCES AND ASSET OWNERSHIP AMONG IMMIGRANTS

Yunju Nam, Associate Professor, University at Buffalo, State University of New York School of Social Work; Yingying Zeng, Washington University in St. Louis; & Sarah Richards-Desai, School of Social Work, University at Buffalo (PowerPoint)

CAN FINANCIAL CAPABILITY EXPLAIN STATE VARIATION IN EMERGENCY SAVINGS? DISENTANGLING THE INDIVIDUAL AND CONTEXTUAL CONTRIBUTIONS

David Rothwell, Associate Professor, Oregon State University & Leanne Giordono, Postdoctoral Scholar, Oregon State University (PowerPoint)

FINANCIAL CAPABILITY OF PARENTS OF YOUNG CHILDREN: A LONGITUDINAL QUALITATIVE STUDY

Mahasweta Banerjee, Professor, School of Social Welfare, University of Kansas

Moderator

Vernon Loke, Professor, Social Work, Eastern Washington University

Research Panel 3: Access to Financial Services
REDUCING FINANCIAL EXCLUSION THROUGH PRACTICE AND POLICY: THE BANKING PERSPECTIVE

Julie Birkenmaier, Professor, Saint Louis University School of Social Work; Amy Oliver, The Housing Partnership STL; & Jin Huang, Associate Professor, Saint Louis University (PowerPoint)

THE MAGIC AND MISDIRECTION OF STUDENT LOAN FORGIVENESS

Julie Miller, Research Scientist, MIT AgeLab (PowerPoint)

BASIC FINANCE AS A PUBLIC GOOD: FCAB FOR ALL

Michael Sherraden, George Warren Brown Distinguished University Professor, Director, Center for Social Development (CSD), Washington University in St. Louis; Jin Huang, Associate Professor, Saint Louis University; & Margaret Sherraden, CSD Research Professor, Washington University in St. Louis

Moderator

Mary Ager-Caplan, Associate Professor, School of Social Work, University of Georgia

Lunch Break                                                                                                                             1:00 pm – 1:15 pm 

Lunch Plenary                                                                                                                         1:15 pm – 2:00 pm

  • Jonathan Mintz, Founding President and CEO, Cities for Financial Empowerment Fund
  • Moderator – Christine Callahan, Research Associate Professor, University of Maryland School of Social Work Financial Social Work Initiative

Concurrent Roundtables                                                                                                    2:05 pm – 3:05 pm

Roundtable 1: Older Adults and FCAB
AN INVESTIGATION OF FINANCIAL CAPABILITY PROFILES IN LATER LIFE

Yu-Chih Chen, Assistant Professor, The University of Hong Kong; & Sicong Sun, Washington University in St. Louis (PowerPoint)

FRICTIONS IN SAVING AND CLAIMING: AN ANALYSIS OF UNCLAIMED RETIREMENT ACCOUNTS

Anita Mukherjee, Assistant Professor, Risk and Insurance Department, University of Wisconsin–Madison

Moderator

Karen Zurlo, Associate Professor, Rutgers University

Roundtable 2: Measurement and Program Evaluation
FINANCIAL SOCIALIZATION OF SIX TO EIGHT YEAR OLD CHILDREN

Mahasweta Banerjee, Professor, School of Social Welfare, University of Kansas

USING ASSETS TO IMPROVE POVERTY MEASUREMENT

Felix Muchomba, Assistant Professor, Rutgers, The State University of New Jersey; Christopher Wimer, Columbia University School of Social Work; Irwin Garfinkel, Professor, Columbia University; & Laurel Sariscsay, Post-Doctoral Research Scientist, Columbia University

Moderator

Stacia West, Assistant Professor, University of Tennessee, College of Social Work

Roundtable 3: FCAB Concept Testing
DOES NEIGHBORHOOD EFFECT EXIST IN FINANCIAL WELL-BEING?

Euijin Jung, University of Kansas School of Social Work; Jihong Zhang, PhD student, University of Iowa College of Education; & Kahee Han, PhD student, University of Kansas, School of Education

IS FINANCIAL CAPABILITY A DETERMINANT OF HEALTH?

Sicong Sun, Washington University in St. Louis (PowerPoint); & Yu-Chih Chen, Assistant Professor, The University of Hong Kong (PowerPoint)

Moderator

Aytakin Huseynli, Washington University in St. Louis

Research Posters                                                                                                                 3:05 pm – 3:15 pm

Discussion Groups                                                                                                              3:15 pm – 4:00 pm

Discussion Group 1: FCAB and Race/Inequality

Facilitator: Louis Jones, MSW student, Washington University in St. Louis; Jodi Jacobson Frey, Professor, University of Maryland School of Social Work

Discussion Group 2: FCAB and COVID-19

Facilitator: Yingying Zeng, PhD student, Washington University in St. Louis

Discussion Group 3: Global/Immigration FCAB

Facilitator: David Okech, Associate Professor, University of Georgia

Discussion Group 4: Financial Access/Inclusion

Facilitator: Mathieu Despard, Faculty Director & Visiting Scholar, Washington University in St. Louis, Associate Professor, UNC Greensboro

Discussion Group 5: FCAB and Technology

Facilitator: Mae Watson Grote, Founder and Chief Executive Officer, The Financial Clinic

Discussion Group 6: FCAB Policy

Facilitator: Leah Hamilton, Assistant Professor, Appalachian State University

Discussion Group 7: Child Development Accounts

Facilitator: Youngmi Kim, Associate Professor, Virginia Commonwealth University

Discussion Group 8: FCAB and Social Work Education

Facilitator: Julie Birkenmaier, Professor, Saint Louis University

Discussion Group 9: FCAB Practice

Facilitator: Jeffrey Anvari-Clark, PhD student, Adjunct Professor, University of Maryland

Discussion Group 10: FCAB Measurement and Financial Well-Being

Facilitator: Mohammad Khan, Assistant Professor, University of Manitoba

Discussion Group Reports                                                                                        4:05 pm – 4:20 pm

Paper Publication Plans                                                                                            4:20 pm – 4:25 pm           

  • Chris Leiker, CSD Lead Publications Editor, Washington University in St. Louis

Next Steps and Wrap-Up                                                                                           4:25 pm – 4:30 pm

  • Margaret Sherraden, CSD Research Professor, Washington University in St. Louis
  • Jodi Jacobson Frey, Professor, University of Maryland

Part II: Theory, Evidence, Education, and Practice in FCAB

Thursday, February 25, 2021, 9:00 am – 3:00 pm (central time zone)

Agenda

Opening/Introduction

  • Judy Postmus, Dean and Professor, University of Maryland School of Social Work

Opening Plenary

  • Mae Watson Grote, Founder and Chief Executive Officer, Change Machine
  • Discussants: Margaret Libby, Founder and Chief Executive Officer, Inclusiv, Cathie Mahon, President and Chief Executive Officer, Inclusiv, and Christy Finsel, Executive Director, Oklahoma Native Asset Coalition (ONAC)

Break

  • View research posters on YouTube

Concurrent Research Panels

  • The Social Work Profession and FCAB
  • FCAB Program Evaluation/FCAB Interventions
  • Family Finances and FCAB

Break

  • View research posters on YouTube

International FCAB

  • FCAB Africa – David Ansong, Associate Professor and Wallace Kuralt Early Career Distinguished Scholar, UNC-Chapel School of Social Work
  • FCAB China – Jin Huang, Professor, Saint Louis University
  • Moderator: David Rothwell, Associate Professor, Oregon State University

Break

  • View research posters on YouTube

Dean’s Panel: FCAB in Social Work Education: Addressing Inequality in Era of COVID-19

  • Jenny Jones, Dean, School of Social Work, Clark Atlanta University
  • Mary McKay, Dean, Brown School, Washington University in St. Louis
  • Martell Teasley, Dean, School of Social Work, University of Utah
  • Moderator: Darla Spence Coffey, Executive Director, Council on Social Work Education

Break

  • View research posters on YouTube

Funder’s Panel: Resources for Applied FCAB Research

  • Sarah Bainton Kahn, VP for Corporate Responsibility and Philanthropy, JP Morgan Chase
  • Padmini Parthasarathy, Senior Program Officer, Haas Foundation
  • Jill Jones, Managing Director of Research, NEFE
  • Moderator: Meg Woodside, Trustee, The Woodside Foundation

Wrap-up