Financial Credit Outcomes of IDA Participation:  Longitudinal Findings

Birkenmaier, Julie; Curley, Jami; Kelly, P.V.

doi:10.4148/1944-9771.1082

Cited by 2 publications

(16 citation statements)

References 22 publications

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“…In the third sub‐study, Birkenmaier et al (2014a) measured outcomes 3 years after baseline measure on the treatment ( n = 79) and comparison groups ( n = 85), for a total sample of n = 164. The study authors did not compare pre‐test differences on outcomes or demographics.…”

Section: Resultsmentioning

confidence: 99%

“…Seven measured credit score: Parks Opportunity Program [Collins & Nafzinger, 2019; Gons, 2013; Wiedrich et al, 2014]; Credit Building [Birkenmaier et al, 2012, 2014a, 2014b]; Modestino et al, 2019; Moulton et al, 2015; Roder, 2016; Smith et al, 2017; Theodos et al, 2016.…”

Section: Resultsmentioning

confidence: 99%

“…Program (Credit Building) resulted in three sub-studies (Birkenmaier et al, 2012(Birkenmaier et al, , 2014a(Birkenmaier et al, , 2014b. This intervention also targeted lowincome people, and was also a randomized control trial.…”

Section: Study Namesmentioning

confidence: 99%

“…Thirteen percent of the sample was reported as male. The effect of the intervention on credit scores was moderate and statistically significant (d = 0.56, 95% CI = 0.277 to 0.902).In the third sub-study,Birkenmaier et al (2014a) measured outcomes 3 years after baseline measure on the treatment (n = 79) and comparison groups (n = 85), for a total sample of n = 164. The study authors did not compare pre-test differences on outcomes or demographics.…”

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confidence: 99%

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Interventions designed to improve financial capability: A systematic review

Birkenmaier

Maynard

Kim

2022

Campbell Systematic Reviews

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Background There is growing recognition that people need stronger financial capability to avoid and recover from financial difficulties and poverty. Researchers are testing financial capability interventions with adults, children, immigrant populations and other groups, but little is known about the effectiveness of financial capability interventions on financial behaviour and financial outcomes. Objectives The purpose of this review is to inform practice and policy by examining and synthesizing evidence of the effects of interventions designed to improve financial capability. Financial capability interventions combine financial education and financial products and/or services. The research questions are: (a) What are the effects of interventions designed to improve financial capability on financial behaviour and financial outcomes? and (b) Does study(design), intervention (dosage, duration, type) or sample (age) characteristics relate to the magnitude of effect size? Methods We conducted two identical rounds of electronic searches for two different time periods. In Round 1 searched for studies through May, 2017 and Round 2 searched from May, 2017 through May, 2020. For both rounds, we identified and retrieved both published and unpublished studies, including conference proceedings, through a comprehensive search that included multiple electronic databases, grey literature sources, organizational websites, government websites and reference lists of reviews and relevant studies. We also conducted forward citation searching using Google Scholar to search for studies citing the included studies. We also conducted a search on Google using key terms. We hand searched the table of contents of selected journals to identify potentially eligible reports not properly indexed. Finally, experts who were study or sub‐study authors of prior studies were contacted in an attempt to obtain unpublished studies, studies in process and published studies missed in the database search. Selection Criteria To be eligible for this review, the intervention must have included a financial education component and a financial product or service. Studies must have also been conducted in any of the 35‐member countries of the OECD, and included a financial behaviour or financial outcome. To meet the criteria for delivering financial education, interventions must have delivered information about: (1) a variety of general financial concepts and behaviours, or advice about financial behaviours); (2) a specific financial topic; (3) a specific product; and/or (4) a specific service. To meet the criteria for access to a financial product or service, interventions must have facilitated access to one or more of the following: (1) a child development account; (2) a retirement account through an employer; (3) a ‘second chance’ checking account; (4) a matched savings account; (5) a financial service, such as financial counselling or coaching; (6) a bank account; (7) an investment vehicle; or (8) a home mortgage loan product. Data Collection and An...

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Section: Study Namesmentioning

confidence: 99%

mentioning

confidence: 99%

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Interventions designed to improve financial capability: A systematic review

Birkenmaier

Maynard

Kim

2022

Campbell Systematic Reviews

Self Cite

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“…Three large longitudinal studies, "The American Dream Demonstration Project” (ADD) (Grinstein-Weiss et al, 2008, 2012, 2013a, 2015; Han, Grinstein‐Weiss, & Sherraden, 2009; Huang, 2010; Huang et al, 2016; Lombe & Sherraden, 2008; Mills, Gale, Patterson, & Apostolov, 2006), the “Credit Building in Individual Development Account (IDA) Programs” (Birkenmaier et al, 2012; 2014a; 2014b), and the “Assets for Independence” program (also known as the “Building Savings for Success” program) (Mills et al, 2016; Ratcliffe, McKernan, Mills, Pergamit, & Braga, 2019), focused on matched savings accounts. In addition, one unrelated matched savings account study (Leckie, Hui, Tattrie, Robson, & Voyer, 2010a) was also included in the study.…”

Section: Resultsmentioning

confidence: 99%

Interventions Designed to Improve Financial Capability: A Systematic Review

Birkenmaier

Maynard

Kim

2022

Research on Social Work Practice

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Purpose: This study’s aim is to review and synthesize the scientific evidence for financial capability interventions that combine financial education and financial products and services to affect financial behavior. Method: A systematic review process was used to search for, screen, and extract data from relevant studies. Following descriptive analysis, we calculated effect sizes. Results: After excluding duplicates, non-relevant and ineligible reports, this review included 24 unique studies. This review identified several different types of previously evaluated financial capability interventions. Few interventions were evaluated by more than one study that measured the same or similar outcomes. Therefore, evidence is sparse about whether financial capability interventions improved participants’ financial behaviors and/or outcomes. Conclusion: While each type of financial capability intervention has a unique evidence base, this lack of evidence across financial capability interventions points to the need to develop a more definitive evidence base for financial capability interventions about the financial outcomes.

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Financial Credit Outcomes of IDA Participation: Longitudinal Findings

Cited by 2 publications

References 22 publications

Interventions designed to improve financial capability: A systematic review

Interventions designed to improve financial capability: A systematic review

Interventions Designed to Improve Financial Capability: A Systematic Review

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