Researchers from University of Colorado at Boulder and Washington University in St. Louis analyzed three years of tax data and survey responses from 15,000 people to test the effect of having health insurance among low-income Americans. They found that low-income people who purchased health care through an Obamacare marketplace were 25 percent less likely than poor Americans without health insurance to miss housing payments. Bauman, V.
According to a 2017 survey by benefits consultants Alight Solutions, almost 25 percent of employers have a financial wellness program in place, and almost half are in the process of creating one. Some three out of four firms with more than 10,000 employees now offer a financial wellness program, according to a recent study by the Employee Benefits Research Institute. Wasik, J.
Sun, S., Kondratjeva, O., Roll, S. P., Despard, M., & Grinstein-Weiss, M. (2018, December). Financial well-being in low- and moderate-income households: How does it compare to the general population? (SPI Research Brief No. 18-03). St. Louis, MO: Washington Univer¬sity, Social Policy Institute.
Dr. Grinstein-Weiss discusses inter-sectional collaboration in promoting social responsibility through innovation and entrepreneurship at the University Social Responsibility Network Summit.
Frank-Miller, E.; Speaker at The Conference Board’s Employee Financial Well-Being Conference, Chicago, IL.
November 10, 2018: 10:15 AM-11:45 AM McKinley – Mezz Level (Marriott Wardman Park) Panel Chairs: Nisha Patel, Robin HoodDiscussants: Jeremie Greer, Prosperity Now and David Newville, Prosperity Now
November 10, 2018: 8:30 AM-10:00 AM 8216 – Lobby Level (Marriott Wardman Park) Panel Chairs: Anne Romatowski, JP Morgan Chase & Co.Discussants: Kasey Wiedrich, Prosperity Now
November 9, 2018: 8:30 AM-10:00 AM
8228 – Lobby Level (Marriott Wardman Park) Panel Chairs: Olga Kondratjeva, Washington University in St. Louis
Discussants: Stephen Grant, Prudential Workplace Solutions Group
Frank-Miller, E.; Dissemination of research findings from the Employee Financial Wellness Programs project to the National Fund for Workforce Solutions’ regional collaboratives. Hosted by the National Fund for Workforce Solutions.
This work aims to encourage the saving of the tax refund through an experiment embedding behavioral interventions in a tax filing platform serving almost a million low- and moderate-income households.
Low- and moderate-income (LMI) households lack sufficient liquid assets to address unexpected emergencies and dips in income (McKernan, Ratcliffe, & Vinopal, 2009; Pew Charitable Trusts, 2015). Receiving tax refunds is an opportunity for recipients of the Earned Income Tax Credit (EITC) to build emergency savings to help cope with these financial shocks.
On-demand peer-to-peer services (‘gigs’) coordinated by platforms like Uber, allow workers to decide for themselves when and how much to work. This flexible work arrangement offers workers granular control over their earnings.
The Government Savings for All program, launched in January 2017, is relatively successful for similar programs in other countries, but raises concerns that should be taken into account – a study that accompanies the plan shows. Heruti-Sover, T.
Despard, M.; Presentation to philanthropic leaders through the Asset Funders Network summarizing research findings and recommendations from the Employee Financial Wellness Programs project. Hosted by the Asset Funders Network: Working Group on Work and Wealth.
Fox-Dichter, S., Frank-Miller, E., & Wolter, S. (2019). Making dependent care FSAs work for low- to moderate-income families: 5 action steps for policymakers [Policy Highlight No. 19-01]. St. Louis, MO: Washington University, Social Policy Institute.
Gallagher, E., Gopalan, R., & Grinstein-Weiss, M. (2018). The Effect of Health Insurance on Home Payment Delinquency: Evidence from ACA Marketplace Subsidies. Journal of Public Economics. 172(1), 67-83.
Davison, G., Roll, S. P., Taylor, S. H., & Grinstein-Weiss, M. (2018, January). The state of state EITCs: An overview and their implications for low- and moderate-income households (CSD Research Brief No. 18-04). St. Louis, MO: Washington University, Center for Social Development.
Roll, S. P., Davison, G., Grinstein-Weiss, M., Despard, M. R., & Bufe, S. (2018). Refund to Savings 2015–2016: Field experiments to promote tax-time saving in low- and moderate-income households (CSD Research Report No. 18-28). St. Louis, MO: Washington University, Center for Social Development.
Davison, G., Covington, M., Kondratjeva, O., Roll, S. P., & Grinstein-Weiss, M. (2018, June). A toolkit for expanding financial capability at tax time (CSD Toolkit No. 18-26). St. Louis, MO: Washington University, Center for Social Development.
Fox-Dichter, S., Zeng, Y., Despard, M., Frank-Miller, E., & Germain, G. (2018). Employee financial wellness programs: Differences in reach by financial circumstances (SPI Research Brief No. 18-02). St. Louis, MO: Washington University, Social Policy Institute.
Fox-Dichter, S., Despard, M., Frank-Miller, E., & Germain, G. (2018). Employee financial wellness programs: Differences in reach by race and ethnicity (SPI Research Brief No. 18-01). St. Louis, MO: Washington University, Social Policy Institute.
Despard, M. R., Taylor, S. H., Ren, C., Russell, B. D., Grinstein-Weiss, M., & Raghavan, R. (2018). Effects of a tax-time savings experiment on material and health care hardship among low-income filers. Journal of Poverty, 22(1), 156–178. doi:10.1080/10875549.2017.1348431
Roll, S. P., Russell, B. D., Perantie, D. C., & Grinstein‐Weiss, M. (2018). Encouraging Tax‐Time Savings With A Low‐Touch, Large‐Scale Intervention: Evidence From The Refund To Savings Experiment. Journal of Consumer Affairs. https://doi.org/10.1111/joca.12194
Despard, M., Grinstein-Weiss, M., de Ruyter, A., Guo, S., Oliphant, J., & Friedline, T. (2018). Effects of a randomized tax-time savings intervention on savings account ownership among low- and moderate-income households. Journal of Financial Counseling and Planning.
Despard, M. R., Guo, S., Grinstein-Weiss, M., Russell, B., Oliphant, J. E., & deRuyter, A. (2018). The mediating role of assets in explaining hardship risk among households experiencing financial shocks. Social Work Research, 42(3), 147–158.
Despard, M., Grinstein-Weiss, M., Guo, S., Taylor, S., & Russell, B. (2018). Financial shocks, liquid assets, and material hardship in low- and moderate-income households: Differences by race. Journal of Economics, Race, and Policy.
Davison, G., Frank-Miller, E., Roll, S. P., & Grinstein-Weiss, M. (2018). Promoting savings at tax time: Insights from online and in-person tax preparation services (CSD Research Report No. 18-33). St. Louis, MO: Washington University, Center for Social Development.
New research from the Duke researchers at the Centene Center for Health Transformation™, published this month in the journal Appetite, explains how our lay beliefs, or naïve models, lead us to faulty assumptions about how our “dietary splurges” impact our weight, resulting in a lack of compensation following these indulgences and self-serving biases.
Financial well-being means having financial security and freedom of choice, both now and into the future. Research on the state of financial well-being in the United States and what drives it is now available for the first time.
Half of Americans have no retirement savings, according to a Brookings Institution article of three years ago. Hasty reactions to market fluctuations result in escalating debt, according to Michael Grinstein-Weiss, associate professor of social work at Washington University in St. Louis and associate director of the Center for Social Development. Shea-Taylor, B.
In 2015, Brookings Institution economist Michal Grinstein-Weiss testified before the Senate Special Committee on Aging that 45 percent of Americans had no retirement savings. Without corrective action, we can expect the rate of elder bankruptcy to persist or even increase in coming years. Merrel, S.
The study of our own irrationality is called Behavioral Economics. And, thanks to Professors Dan Ariely and Michal Grinstein-Weiss, we held the first-ever social impact Nudgeathon at JDC Israel last week to make sure JDC Israel’s critical programs factor in the inherent irrationality of human decision making. Fishman, O.