Journal of financial literacy and wellbeing最新文献

筛选

英文中文

Financial Capacity of SSI Recipients and the 2026 ABLE Age Adjustment Act. SSI受助人的经济能力和2026年ABLE年龄调整法案。

Journal of financial literacy and wellbeing Pub Date : 2026-01-01 DOI: 10.1017/flw.2025.10006

Hyun Ju Kim

{"title":"Financial Capacity of SSI Recipients and the 2026 ABLE Age Adjustment Act.","authors":"Hyun Ju Kim","doi":"10.1017/flw.2025.10006","DOIUrl":"10.1017/flw.2025.10006","url":null,"abstract":"Achieving a Better Life Experience (ABLE) accounts can help build financial capacity for people with disabilities as tax-advantaged savings vehicles designed for disability-related expenses. ABLE accounts might be particularly beneficial for low-income individuals with severe disabilities who receive Supplemental Security Income (SSI) from Social Security Administration (SSA), because funds deposited in ABLE accounts do not count toward the asset limits required to maintain monthly SSI benefits and access to healthcare. This paper investigates the potential savings and financial capacity of eligible individuals with disabilities who may benefit from the expansion of ABLE accounts. Utilizing the 2014-2017 Survey of Income and Program Participation merged with the 2014 Social Security Supplement, this study examines different levels of access to savings and financial assets - factors that may influence ABLE participation - among people with disabilities, particularly SSI recipients. Financial capacity is analyzed across three disability onset age groups: before age 26, ages 26 through 45, and age 46 older, with particular attention to individuals in the second group, who will become eligible for ABLE in January 2026 when the onset-age threshold increases from age 26 to age 46. Findings from logistic and OLS regression analyses indicate that financial capacity is particularly weak among SSI recipients who are newly eligible for ABLE accounts, suggesting limited financial resources to open or contribute to ABLE accounts. Directions for further research on ABLE participation are discussed.","PeriodicalId":521289,"journal":{"name":"Journal of financial literacy and wellbeing","volume":"3 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2026-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC13227710/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148160086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Financial Literacy in the Understanding America Study. 理解美国研究中的金融素养。

Journal of financial literacy and wellbeing Pub Date : 2024-04-01 Epub Date: 2024-09-05 DOI: 10.1017/flw.2024.6

Marco Angrisani, Arie Kapteyn

{"title":"Financial Literacy in the Understanding America Study.","authors":"Marco Angrisani, Arie Kapteyn","doi":"10.1017/flw.2024.6","DOIUrl":"10.1017/flw.2024.6","url":null,"abstract":"We provide a brief history of administering financial literacy questions in probability-based Internet panels. After financial literacy questions were asked in the Centerpanel in the Netherlands and the RAND American Life Panel, the Understanding America Study (UAS) has been administering 14 financial literacy questions in its biannual core surveys since 2014. Due to its longitudinal nature and the vast amount of available information on its panel members, the UAS provides unique opportunities for analyzing patterns of financial literacy over time and its associations with financial outcomes, cognition, health, personality, and economic preferences, among others. The UAS survey-based dataset is further enriched with administrative records from consenting respondents. Importantly, researchers can incorporate additional questions and modules to gather specific data, which can then be linked to both existing and forthcoming information on panel members. In this paper, we describe the UAS financial literacy measures and offer descriptive analyses, highlighting the patterns of financial knowledge over time and by individuals' background characteristics. We also show how financial outcomes, such as financial wealth and retirement preparedness, relate to financial literacy scores.","PeriodicalId":521289,"journal":{"name":"Journal of financial literacy and wellbeing","volume":"2 1","pages":"1-20"},"PeriodicalIF":0.0,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC12952758/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147350245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0