O’Malley School of Business Hosts Virtual Event to Promote Financial Literacy

Annamaria Lusardi, Ph.D., will speak about the importance of financial knowhow on March 30.

Portrait photo of Annamaria LusardiThe O’Malley School of Business at Manhattan College is continuing its efforts to increase financial literacy across different groups.

On Wednesday, March 30, at 1 p.m., Annamaria Lusardi, Ph.D., university professor of Economics and Accountancy at George Washington University, and founder and academic director of the Global Financial Literacy Excellence Center, will deliver a virtual presentation on why financial literacy matters. Watch here. 

Lusardi has studied the initial five waves (2017–2019) of the TIAA Institute-GFLEC Personal Finance Index (P-Fin Index) to document the poor state of financial literacy among U.S. adults. Lusardi has also explored the strong positive link between financial literacy and financial wellness. Greater financial literacy is not a cure-all for poor financial well-being, she argues. Resources matter; access and opportunity in the financial system count as well, but so too does the ability to make sound financial decisions.

Previously, Lusardi was the Joel Z. and Susan Hyatt Professor of Economics at Dartmouth College, where she taught for 20 years. She holds a Ph.D. in Economics from Princeton University and an honorary degree of Doctor of Science from the University of Vaasa in Finland.

Lusardi has received numerous research awards. In both 2017 and 2021, she was included in the Clarivate list, which recognizes exceptional research influence. In 2009, she served as a faculty advisor for the Office of Financial Education of the U.S. Treasury. In August 2017, she was appointed Director of the Financial Education Committee in charge of designing the national strategy for financial literacy in Italy.

By Pete McHugh