Financial Health

Using technology to improve the financial health of low-income individuals can have long-term benefits for families and society.

Domain Statement

The opportunity for financial technology to improve outcomes for low-income people has been widely documented. Technology can be used to deliver products and services more efficiently, as well as to help individuals make informed decisions and follow through on financial planning.

We are working on research projects and collaborations related to how technology can be used to reduce barriers to financial inclusion. One area of interest is helping students find avenues to finance education. Another area is testing behavioral interventions such as digital “nudges” to induce individuals to take beneficial actions such as savings or applying for aid.

Project Abstracts

Read about one of the financial health research projects the lab is working on.

Texts Encouraging Low-Income Students to Apply for Federal Financial Aid

Lab researchers Susan Athey, Henrike Steimer, Matt Schaelling, and Niall Keleher are working with ideas42 to examine the effects of an email and SMS program that aims to encourage community college students to maintain financial aid packages. Using administrative records, machine learning algorithms test differential impacts of the reminders on educational outcomes among different types of students.

Interviews and Thought Leadership

Learn firsthand from some of the finance researchers and practitioners associated with the lab.

How Fintech Could Benefit More Americans

Financial industry focused venture capitalist Arjan Schutte and economist David Laibson on how fintech products and services could benefit more Americans.

Related Research

Browse research from affiliated faculty and collaborating organizations.