Selected Research and References
Data from the National Financial Capability Study has been used for by a variety of stakeholders for a variety of purposes. Here is a selected list of research studies and references.
NFCS Research Award
Each year, the FINRA Foundation awards $1,000 to a graduate student, post-doc, or any faculty member who received a Ph.D. less than three years from the date of application who produces the best research paper based on data from the National Financial Capability Study. The paper must address a topic related to financial capability in the United States. If the applicant is a graduate student, the paper must be coauthored with the applicant's advisor.
The award recipient agrees to create an issue brief (4 to 10 pages) based on the winning paper. The issue brief will be edited and designed by communications professionals at FINRA, and then published and promoted by the FINRA Foundation as part of its Insights: Financial Capability series. This series has included issue briefs prepared by highly esteemed researchers and research organizations. Issue briefs from this series can be found on the NFCS Data in Use page on this site. (Note that the FINRA Foundation does not prevent the award recipient from publishing the research paper elsewhere.)
The award recipient receives a commemorative trophy during a plenary session of the ACCI annual conference. Travel costs to and from the conference and registration fees are paid by the FINRA Foundation.
The FINRA Foundation is a nonpartisan organization. Therefore, papers that promote or advocate a partisan policy agenda are ineligible for this award. Additional eligibility requirements may apply.
The 2018 NFCS Research Award was presented to Melody Harvey on May 17, 2018 for her paper Impact of Financial Education Mandates on Younger Consumers' Use of Alternative Financial Services.
Read the press release.
The application for the award can be found here.
If you have questions about the NFCS Research Award, please contact the FINRA Foundation's Gary Mottola via email or (202) 728-8351.