Terri Friedline

TL;DR: In this article, the authors provide a review of 34 studies on the relationship between assets and children's educational attainment, and discuss implications for Child Development Accounts (CDAs) policies, and propose that CDAs should be designed so that, in addition to promoting savings, they include aspects that help make children's college bound identity salient, congruent with children's group identity, and that help children develop strategies for overcoming difficulties.

TL;DR: IHS transformed wealth relates to youth's math achievement similarly when compared to categorical and natural log transformations, indicating that it is a viable alternative to other transformations commonly used in research.

TL;DR: This paper examined the progression of savings between adolescence and young adulthood using data from the Panel Study of Income Dynamics and found that adolescents with savings accounts are more often White, employed, and live in households in which the head is married, has more education, and owns assets.

TL;DR: In this article, the authors used data from the 2012 National Financial Capability Study to examine relationships between the financial capability and financial behaviors of United States Millennials, finding that those who were financially capable were 176% more likely to afford unexpected expenses, 224% higher likelihood to save for emergencies, 21% less likely to use alternative financial services, and 30% less likelihood to carry burdensome debt.

TL;DR: Research on families’ financial stress and well-being published in JFEI between 2010 and 2019 is reviewed, which analyzed data collected during the Great Recession and were subsequently published in the shadow of the economic downturn.