Posts related to “project update”

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What, Exactly, Are We Saving for?

Aug 23, 2018 by Ariadna Vargas

Saving money, even in small amounts, has countless benefits. It helps low-income households build financial resilience—the ability to manage unforeseen expenses and avoid crises. However, saving is challenging for everyone—even when we intend to save more, human tendencies such as present bias, depletions in self-control, and limited attention tend to get in the way of … Read more.

Want Generous, Intentional, and Informed Giving? Try Behavioral Science

Aug 9, 2018 by Omar Parbhoo

It’s often said that Americans are exceptionally generous, and fortunately, it’s a claim that’s well supported by the numbers. In 2016 alone, U.S. households donated over $282 billion to charities worldwide. And when compared globally, the U.S. consistently ranks as one of the most altruistic countries by the World Giving Index. But do these absolute … Read more.

Introducing a Behavioral Playbook for Financial Providers

Mar 29, 2018 by Katy Davis, Maddie Kau, & Abigail Kim

Digital tools such as automated savings and investment, expense tracking, and person-to-person payments save people time and help them manage complex finances. Useful features like these can even support overall financial health, particularly for low- and middle-income consumers, if traditional financial services don’t meet their needs. Widespread adoption of these services also benefits financial providers … Read more.

Every Child Reads: Bringing Literacy Home with Behavioral Science

Mar 6, 2018 by Cassie Taylor & Pranav Trewn

Strong reading skills are absolutely fundamental for children to succeed, both in school and later in life. Yet a majority of students in the United States are unable to read proficiently by the end of grade school. A number of well-intentioned interventions have tried to tackle this pervasive problem, but remain too difficult to scale, … Read more.

Saving Made Easier with the Financial Health Check

Feb 28, 2018 by ideas42

Building a savings cushion is easier said than done. Irregular cash flows and unpredictable expenses make it difficult to determine how much to save. After surveying balances across accounts and projecting future bills, you still have to either make a trip to the bank or navigate an online portal to actually move money into a … Read more.

Building Financial Health: There’s an (Unused) App for That

Dec 18, 2017 by Maddie Kau & Abigail Kim

Update: the behavioral playbook is now available here.  Cashing a check seems like a simple task. But in practice, it involves many small, hassle-ridden steps that take time and energy: planning when to go, finding a nearby ATM or retail location, remembering to bring the check, traveling to the location, and waiting in line. Fortunately, … Read more.

Reducing Commuter Congestion on Cubs Game Nights

Nov 14, 2017 by John Harris & Doug Palmer

After a long day of work, commuters hope for a fast trip home with few hassles. Drivers want to avoid traffic congestion, and mass transit riders crave an open car with empty seats. However, commuters on the nation’s busiest mass transit systems are often crammed into full train cars after waiting on busy platforms. The … Read more.

Learning Behavioral Design, Part 3: 5 Lessons for Applying Behavioral Design to Programs

Oct 30, 2017 by Vivien Caetano, Katy Davis, & Erin Sherman

It’s one thing to read about behavioral science or attend a one-time training on how it’s been used to improve programs. It’s another to take those insights and apply them to the real world yourself. That was the driver behind our Behavioral Design Project for Promoting Financial Health, in which 11 organizations actively learned behavioral … Read more.

Keeping the Paths to Credit Open in Mexico

Aug 7, 2017 by Jaclyn Lefkowitz

What is the cost of making a late loan payment? If you’re like most people, you probably think of late fees. But there are also less visible, longer-term consequences that can have a serious impact on financial wellbeing. For example, late payments affect credit scores, which in turn can affect the ability to access credit … Read more.