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Boulder, Colo. — UNC Center for Community Capital researchers presented findings Sunday (June 26) on factors that contribute to successful tax-time savings programs at the Boulder Summer Conference on Consumer Financial Decision Making held June 26-28.

Center research associate Kim Manturuk outlined key findings from her paper, “Successful Completion of a Matched Savings Program: Impacts of Time Preference and Loss Aversion,” written with center senior research economist Sarah Riley and research associate Jessica Dorrance.

Using a sample of people participating in the $aveNYC program, a matched savings program for very low-income households, Manturuk and colleagues tested whether information failure, time preference and financial hardship affected people’s ability to complete the program and receive the match money. They found that that future orientation does not significantly impact program completion, but both information failure and financial hardship increased the hazard of early account closure.

The Boulder conference brings together researchers in a range of fields who work on problems related to consumer financial decision making. Basic research in judgment and decision making, psychology, consumer research, behavioral finance and behavioral economics can inform the understanding of how consumers make such decisions and how they may be supported in making better decisions by innovations in public policy and in business and consumer education.

The Boulder conference is co-sponsored by the Center for Research on Consumer Financial Decision Making at the University of Colorado and by the Leeds School of Business.

View the presentation.

Consumer financial services is a key area of research for the UNC Center for Community Capital, the leading center for research and policy analysis on the transformative power of capital on households and communities in the United States. The center is part of the College of Arts and Sciences at the University of North Carolina at Chapel Hill. Its in-depth analyses help policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people, more effectively. For more information, visit or call (919) 843-2140.

Topics(s): Financial Capability, Financial Inclusion, Savings & Asset-Building
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