UHD’s Minorities & Retirement Security (MRS) Program team presented at a national symposium for the Social Security Administration in Washington D.C. on April 6.
This exposure gave UHD and the Marilyn Davies College of Business an opportunity to showcase ongoing original research projects and experiences in the areas of financial literacy and efficacy, and its community outreach project collaboration with The Women’s Resource of Greater Houston.
The fellows networked with students and research faculty of three other minority-serving institutions: Chicago State University, Hampton University, and Florida Agricultural and Mechanical University. The fellows gained insight on ways to further expand their current projects and brainstormed potential research ideas.
Two UHD graduate research fellows, Devalina Nag and Caroline Smith, conducted presentations. Nag presented the link between financial literacy and financial self-efficacy on credit card abuse and retirement preparedness, as well as the role of financial strain as a potential moderator. Smith reported on their follow-up study which investigated the difference between learning outcomes and efficacy outcomes of a lecture-based versus an experiential-based financial literacy class.
The UHD MRS Program is a discretionary grant program jointly administered by the U.S. Department of Education and the U.S. Social Security Administration. The program supports graduate students to conduct quality research in the areas of retirement security, financial literacy and financial decision-making. The team’s stream of research is focused largely on the psychological, behavioral and social drivers of financial decision-making and behaviors.
UHD’s Minorities & Retirement Security (MRS) Program team is led by Sarah Singletary Walker and supported by Whitney Botsford Morgan, both are associate professors. Graduate research fellows Devalina Nag and Caroline Smith also contribute their talents to the program.