2015

2015 EVENTS

Tisa Silver-Canady, Associate Director, UMB Office of Financial Education and Wellness, and other Leading Women of 2015 was honored during The Daily Record's Leading Women dinner and awards celebration December 7, 2015, at the Westin Annapolis

Drs. James Kunz (McDaniel College) and Christine Callahan (UMSSW) presented a poster on "Psychosocial Well-Being and Financial Capability" at the 2015 AFCPE Annual Research & Training Symposium, held November 18-20 in Jacksonville, FL. View the abstract: Psychosocial Well-Being and Financial Capability poster
 
Maryland Public Television (MPT) Airing of "Thinking Money" and Panel Discussion 
Featuring Panelist Tisa Silver-Canady, MBA, from the UMB Office of Financial Education and Wellness 
Host Dave Coyne led viewers through an exploration of what behavioral economics reveals about why we spend, save (or don’t save) and the way we think about money. Dave met with innovative thinkers who mix economics with psychology. Their experiments and insights into our financial behavior teach us to recognize how our brains and the marketplace can trick us into spending money we shouldn't.

July 31, 2015 at 9 pm:  Thinking Money (The Film)
July 31, 2015 at 10 pm: Thinking Money: Practical Solutions (Panel Discussion)                                                                                
August 1, 2015 at 1 am: Thinking Money (The Film)
August 1, 2015 at 2 am:  Thinking Money: Practical Solutions (Panel Discussion)  
 
Monday, May 11, 1 - 2:30 PM
UM School of Law Cermonial Courtroom
500 W. Baltimore St. Baltimore, MD
Cummings and Warren held “Middle Class Prosperity Project” Forum in Baltimore on Predatory Financial Practices and Economic Injustice
Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Senator Elizabeth Warren held the fifth in a series of congressional forums as part of the Middle Class Prosperity Project launched by the Members in February. The recent unrest in Baltimore following the death of Freddie Gray has brought renewed attention to the lack of economic opportunities and financial services in many urban areas and communities of color. More and more families, especially in the aftermath of the Great Recession, are finding their budgets stretched by wage stagnation, income volatility, and rising expenses that erode their savings and make it more difficult to plan for the future.

This forum examined how mainstream financial service providers are not fully meeting the needs of many in the middle class – and many who aspire to it – for basic banking services like check cashing services and small dollar loans.  It also examined how this market is often filled by “alternative” financial service providers that sometimes employ predatory practices to trap consumers in a cycle of high fees and debt.  The roles of stakeholders – including mainstream institutions, alternative financial service providers, and the federal government – was examined closely, and panelists discussed steps to protect vulnerable communities from being further victimized.

Ranking Member Cummings and Senator Warren launched the Middle Class Prosperity Project to examine the issues of greatest concern to the Middle Class and those who aspire to it.  Previous forums have examined the stagnation in middle class wages, the conflicts of interest in financial retirement advice, and student debt.
 
The Maryland Financial Education Summit
April 24, 2015 - Baltimore, MD
Financial education practitioners, researchers and stakeholders considered how they could help Maryland adults gain the skills and confidence to meet their financial goals.  Attorney General Brian Frosh and Co-Chairs of the Maryland Financial Education and Capability Commission, St. Senator Kathy Klausmeier and Del. Dana Stein participated.
 
This Summit was designed to allow educators to share their best teaching tools, methods and curriculum with the group. They brought together up-to-date research, best practices, and the insights and expertise of our state’s financial education leaders.  Via interactive presentations, plenary sessions and small workshops they considered these key questions:
  • What would it take to provide high quality, engaging financial education for adults in Maryland?
  • What would it take for the education to lead to better outcomes for participants?

A Convening on Financial Capability and Asset Building: Advancing Education, Research and Practice in Social Work
April 15-17, 2015 - St. Louis, MO
Organized by the Financial Capability and Asset Building (FCAB) Initiative at the Center for Social Development at Washington University in St Louis, and the Financial Social Work Initiative at the University of Maryland School of Social Work, the aims of the convening were twofold: 1) To advance FCAB in social work education, practice and research; and 2) to strengthen networks of FCAB scholars, educators, professional associations, and funders.  Click here for agenda.  To see presentations, click here.


The 2015 Ridington Lecture
Thursday, March 26 at 7:30 pm
McDaniel College, The Forum 2 College Hall
Dr. Sheldon Danziger, President of the Russell Sage Foundation, will present the Ridington Lecture entitled "Legacies of the War on Poverty: Implications for the Future of Antipoverty Policies." 
 
SSWR Presentations, January 16-19, New Orleans, LA
Society for Social Work Research Conference, January 14-18, 2015, New Orleans, LA
UM SSW co-led a Special Interest Group on "Asset Building and Financial Capability." Several members of the Financial Social Work Initiative presented papers at SSWR. They included the following:
 
Paper: "Evaluating Client Outcomes from the Financial Stability Pathway: A Community Intervention Study to Improve the Financial Capability of Individuals Living Within a Large City," presenters were Drs. Jodi Frey, Karen Hopkins, Philip Osteen, and Christine Callahan.
 
Paper: "Matched College Savings Account Programs for Children: Examining the Feasibility in Baltimore City," presenters were Drs. Jodi Frey and Christine Callahan.
 
Paper: "Financial Education as an Intervention to Change Social Workers' Practice Behaviors in Financial Capability Practice," lead presenters were our colleagues Drs. Julie Birkenmaier (St. Louis University) and Margaret Sherraden (Washington University at St. Louis), joined by Drs. Jodi Frey and Christine Callahan.
 
Paper: "Development of an Intervention to Minimize Financial Burden at the End of Life: Results from Four Data Sources," presenters were Drs. John Cagle and Christine Callahan, and doctoral students Sally Hageman, Seokho Hong, and Joonyup Lee.
 
Poster: "Financial Burden Among Older Adults: A Preliminary Look at the Impact of Gender and Widowhood Using National Data," lead was doctoral student Joonyup Lee, joined by Dr. John Cagle and doctural students Sally Hageman and Seokho Hong, and Dr. Christine Callahan.
 


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