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Journal Article
Building Wealth Characters Get Animated
When the Federal Reserve Bank of Dallas updated its popular print publication, Building Wealth: A Beginner's Guide to Securing Your Financial Future, it also produced a new animated, interactive CD-ROM version.
Journal Article
En español, por favor: 'Building Wealth' Now Available in Spanish
To empower Spanish speakers with the information they need to save and create wealth, the Federal Reserve Bank of Dallas has translated into Spanish its publication Building Wealth: A Beginner's Guide to Securing Your Financial Future.
Newsletter
Why Are We So Impatient? A Look into Money and Delayed Gratification
Getting excited about saving for the future can be hard. We are not as emotionally tied to the future as we are to the present. In this Page One Economics®: Focus on Finance, we look at the psychological forces of delayed gratification and self-control, which help us work toward the future benefits of saving money.
Journal Article
New Mexico Encourages Citizens to Save
Low-income residents in New Mexico now have more incentive than ever to save for a home, an education or their own business. In the 2006 legislative session, the state provided $1.5 million to fund the Individual Development Account Act that passed in 2003.
Journal Article
Inaugural Money Week Houston campaign promotes financial education across city
Residents from every walk of life focused on financial education April 19-25 during the inaugural Money Week Houston campaign. In a citywide effort, more than 150 free public events were held at libraries, churches, schools and community centers throughout Greater Houston, offering consumers the opportunity to increase their financial literacy and learn to better manage their personal finances. Workshops, seminars and other activities targeted diverse audiences, including women, seniors, youths and workers without bank accounts.
Newsletter
What Is the Best Strategy for Paying Off Credit Card Debt?
Most of us use credit cards, and many of us have credit card debt. Economists and personal finance gurus disagree on the best strategies for paying off that debt across multiple credit cards. Check out our February 2023 issue of Page One Economics®: Focus on Finance to see why.
Working Paper
Savings Versus Debt: The Effects of Survey Question Order on Consumers’ Reported Financial Priorities
Survey after survey indicates that building savings and reducing debt are among the top financial goals for many Americans. However, because of limited resources and inherent trade-offs, achieving these two goals can be challenging and often requires prioritizing one goal over the other. We conduct two survey experiments with national samples of U.S. adults to understand how individuals balance saving and paying off debt, while taking into account survey context and question effects that might influence self-reports of behaviors. Both studies find a significant question order effect, in which ...