Proposal authors can use this tool to see where they have been placed in the agenda for a Symposium, an Oral Session, or a Featured Research Poster Session.
Scroll down to search by Author Name (Note: if the submitting author did not add all authors to the ProposalSpace form, only First & Corresponding Author will be searchable), by Date/Time, or by Keywords.
Confirm your place in the schedule by going to the ACCI Presenter Confirm Google Sheet and marking your session YES. Contact the ACCI Office to report a conflict. Call (727) 940-2658 x 2002 if you have questions. Please be sure to reference the session title(s), date(s) and time(s) if you contact us.
E1d Wealth Building among Young Adults with Student Load Debt: What Factors Make a Difference?
Key Words
Student loan debt,wealth building,young adults,National Financial Capacity Study,Financial Education
Short Description
With the rapid growth of young adults who owe student loan debt, it is important to investigate policy and socioeconomic factors that are related to wealth building among this group. Given the economic fragility among young adults with student loans, investigating these factors helps identify useful interventions to improve their financial well-being, especially those who are most vulnerable. Analyzing data from the 2015 National Financial Capacity Study, the results show that participation in financial education programs and income-based payment plan enhance wealth building among young adults with student loan debt. Furthermore, those with lower financial literacy, lower household income, without a bank account, and being unemployed are less likely to save for retirement, to invest, and to have homeownership. Policy implications are discussed.
First & Corresponding Author
Min Zhan, University of Illinois at Urbana-Champaign
Authors in the order to be printed
Min Zhan, Gaurav Sinha