Trigger Events and Financial Outcomes over the Lifespan

File(s)
Date
2010Author
Schmeiser, Maximilian D.
Publisher
Center for Financial Security
Metadata
Show full item recordAbstract
This research identifies demographic groups vulnerable to trigger events to inform efforts to
improve financial education. Specifically, we examine the effects of trigger events on net worth
throughout the life course. After reviewing relevant literature, we analyze two panel data sets to
examine whether populations that may be identified as more financially literate are more resilient
to negative shocks. In general, we find that educational attainment is a better predictor of
resilience than intelligence and that effects vary across age groups and by type of shock. The
findings provide an opportunity to target financial education where it is most needed.
Subject
Trigger Events
Financial Shocks
Financial Outcomes
Permanent Link
http://digital.library.wisc.edu/1793/90756Type
Working Paper
Description
This research identifies demographic groups vulnerable to trigger events to inform efforts to improve financial education.
Citation
Schmeiser, M. D. (2010). Trigger Events and Financial Outcomes over the Lifespan. Center for Financial Security .