May 26, 2021
NEFE virtually hosted the 2020 Financial Literacy Measurement Forum on September 15-16. The forum convened more than 20 scholars from across the field of financial well-being research to share expertise and insights through a facilitated discussion about opportunities and barriers related to measurement. Attendees represented universities, government agencies and nonprofit organizations. The goals of the event were to:
- Elevate knowledge of best practices for survey construction.
- Explore validity across various contexts.
- Engage in conversation about the challenges of knowledge-based tests in our field.
- Construct a list of measures and datasets that exist in our field.
- Discuss the importance of measurement limitations.
The event drew from a range of historical perspectives and consisted of plenary sessions, breakout sessions, full-group sharing and two special presentations:
- Dr. Carolyn Thorpe spoke about the challenges and opportunities faced in the health services field and the parallels to the financial well-being field.
- Dr. Katherine Sauer discussed NEFE’s Personal Financial Ecosystem framework.
- Additionally, event pre-reading included two research briefs: Understanding Personal Saving Orientation, based on research by Dr. Utpal Dholakia; and An Alternative Approach to Measuring Financial Literacy, based on research by Dr. Dee Warmath.