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 COVID-19 Era
Thursday, September 24, 2020
Part II:
Theory, Evidence, Education,
and Practice in FCAB
Thursday, February 25, 2021
Part II: Theory, Evidence, Education, and Practice in FCAB
Thursday, February 25, 2021, 8:30 am – 4:00 pm (central time zone)
Agenda
Opening/Introduction
- Michael Sherraden, Director, Center for Social Development
Opening Plenary
- Mae Watson Grote, Founder and Chief Executive Officer, The Financial Clinic
- Discussants: Margaret Libby, Founder and Chief Executive Officer, Inclusiv and Cathie Mahon, President and Chief Executive Officer, Inclusiv
Perspective: COVID-19 and FCAB – The Economy and Households: Economic Forecast and Future Directions
- William (Bill) Emmons, Economist and Assistant Vice President, Center for Household Financial Stability, Federal Reserve Bank of St. Louis
- Discussant: David Rothwell, Associate Professor, School of Social and Behavioral Health Sciences, Oregon State University
Concurrent Research Panels
- The Social Work Profession and FCAB
- FCAB Program Evaluation/FCAB Interventions
- Family Finances and FCAB
Lunch
- YouTube Poster sessions
- FCAB topical discussion breakout sessions
Dean’s Panel: FCAB in Social Work Education: Addressing Inequality in Era of COVID-19
- Darla Spence Coffey, Executive Director, Council on Social Work Education
- 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
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, Woodside Foundation
Breakout Discussions: Moving forward: The Next 5 Years
- Strategic actions
- Publishing
- Special journal issues
- New areas of research
- PhD student discussion
Reports and Wrap-up
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
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
Journal Submissions on FCAB
Editors of these journals have indicated that they welcome submissions related to financial capability and asset building