Sam Bufe is a Statistical Data Analyst II at the Social Policy Institute, where his research focuses on financial security issues in low- and moderate-income households. In this role, he spends much of his time designing, administering, and analyzing responses to the Household Financial Survey, which is part of the Refund to Savings Initiative. Currently, he is working on papers that investigate the effects of tax-refund savings on participation in the gig economy, the impacts of financial shocks on financial well-being, and the results of an experiment that encouraged low-income tax filers to open and save tax refunds in starter retirement accounts. Mr. Bufe received his bachelor’s degree in Economics and M.S. in Applied Economics from Marquette University in Milwaukee, WI.
Jeremy Burke is a Senior Economist at the University of Southern California’s Center for Economic and Social Research and Director of USC’s Behavioral Economics Studio. Previously, he was an Economist at RAND, Associate Director of RAND’s Center for Financial and Economic Decision Making, and a professor in the Pardee RAND Graduate School. His main fields of research are behavioral economics and consumer financial decision-making. Currently, Dr. Burke is leading multiple field experiments testing behaviorally informed approaches to improve consumer financial health, particularly by reducing high interest debt burdens. In other research, he is examining whether educational interventions can reduce adults’ susceptibility to financial fraud, the efficacy of socially annotated and modular disclosure in improving investment decisions, and what types of finance are most transformative for women in developing countries. He received his Ph.D. in Economics from Duke University.
Hallie Davis is a Research Associate at the Global Financial Literacy Excellence Center. Her expertise is in financial education, where she conducts research, builds initiatives, and develops resources. She leads GFLEC’s financial education initiatives. Ms. Davis holds a Masters in International Economics and Finance from Johns Hopkins University, School Of Advanced International Studies. Her master’s dissertation was on stock market participation and investment decision making. Previously, she advised individuals on retirement planning and investing at TIAA. She also spent several years working in financial education, entrepreneurship, and micro-loans with low-income students in Peru.
Michael Dedmon is the Policy Manager at The Financial Clinic, a Brooklyn-based non-profit that provides free, one-on-one financial coaching to low-income communities and capacity building support to organizations across the country. He has many years of research experience in academic and non-profit institutions, previously working as an associate at the Moynihan Institute of Global Affairs at Syracuse University and at the Center for Creative Leadership. Mr. Dedmon holds a bachelor’s and master’s degrees in international relations from The American University of Paris and the London School of Economics and is currently a Ph.D. candidate in political science at Syracuse University.
Brian Denten is a senior associate with Pew’s project on student borrower success, focusing on student loan repayment and servicing policies. He previously worked on Pew’s financial security and mobility team. Before joining Pew, he interned with the National Association of State Alcohol and Drug Abuse Directors and the Campaign for the Fair Sentencing of Youth. Mr. Denten holds a bachelor’s degree in history from the University of Illinois, Urbana-Champaign and a master’s degree in public administration from American University.
Michal Grinstein-Weiss is the Shanti K. Khinduka Distinguished Professor and Associate Dean for Policy Initiatives at the Brown School. She serves as director of the university-wide Social Policy Institute at Washington University and as a Nonresident Senior Fellow at the Brookings Institution. A leading expert in the asset-building field, Dr. Grinstein-Weiss is influential in the design of innovative policies to promote household financial security and social and economic mobility, both in the United States and internationally. She also develops and tests behavior-based healthcare interventions and has led successful large-scale research projects for federal, philanthropic, and industry partners. She is the recipient of several prestigious awards, including the Society for Social Work and Research's Deborah K. Padgett Early Career Achievement Award, and is a Fellow of the American Academy of Social Work and Social Welfare. Dr. Grinstein-Weiss received her Ph.D. in social work from the Brown School, her master’s degree in economics from the University of Missouri-St. Louis, and her master’s degree in social work and Bachelor of Arts from Haifa University, Israel.
Michael Gutter is Associate Dean for Extension and State Program Leader for 4-H Youth Development, Families and Communities for the University of Florida/IFAS. Dr. Gutter earned his B.S. in Family Financial Management and his Ph.D. in Family Resource Management from The Ohio State University with a specialization in Finance. His research focuses on examining how socioeconomic status, financial education, personal psychology, and financial socialization are related to financial behaviors. His work utilizes behavioral economics, economic psychology, and experimental design to better understanding consumer choices. His current work focuses on the intersection of finances and health outcomes with emphasis on financial toxicity in cancer patients. Dr. Gutter’s Extension work focuses on improving financial behaviors by increasing knowledge, skills, and access to services. His work has received funding from financial institutions, foundations, and federal partners.
Theron Guzoto is a senior research associate with Pew’s retirement savings project. He investigates the barriers to saving for retirement, the implications of current state and federal policy proposals for increasing saving, and the impact of retirement plan fee disclosures. Before joining Pew, Mr. Guzoto was a policy fellow at the Center for Community Change, conducting research and analyses on the Social Security program. He has researched political economy and governance at Georgetown University. Mr. Guzoto holds a master’s degree in public policy from Georgetown’s McCourt School of Public Policy and a bachelor’s degree in politics, philosophy, and economics from Western Washington University.
Eric C. Hedberg is a Senior Data Scientist at NORC who has worked on several large-scale research projects in fields such as education, criminology, and health. Many projects have been evaluations of interventions that employed both experimental and quasi-experimental methods. For example, he is Co-PI on the evaluation of Oakland, CA’s Brilliant Baby intervention (a randomized encouragement design) and has served as lead methodologist for evaluations of the Tempe PRE program (a partially nested NCG design) and the Kidango SEEDS Reading Intervention (a randomized trial). Dr. Hedberg has published numerous articles about evaluations and their methodology (e.g., Fox, Katz, Choate, & Hedberg, 2015; Hedberg, 2016; Hedberg & Ayers, 2015; Hedberg, Katz, & Choate, 2017; Hedberg & Long, 2018; Katz, Hedberg, & Amaya, 2016; Markovitz, Hernandez, Hedberg, & Silberglitt, 2015; Roe-Sepowitz, Bedard, Pate, & Hedberg, 2014). Dr. Hedberg is best known for his work with Larry Hedges on establishing design parameters useful for estimating the power of proposed education intervention evaluations with complex designs (e.g., Hedberg & Hedges, 2014; Hedges & Hedberg, 2007a). Recently, he published a volume on power analysis for SAGE’s Quantitative Applications in the Social Sciences series (2018). In 2019 he was recognized as an Accredited Professional Statistician® by the American Statistical Association. Dr. Hedberg received his PhD in Sociology from the University of Chicago in 2009 with an emphasis in Social Capital theory and Statistical Methods.
Alexander Hermann is a Research Analyst at the Joint Center for Housing Studies, where his work focuses on the dynamics of US housing markets and housing affordability. Mr. Hermann also plays a lead role in managing many of the Center’s major publications, including the annual State of the Nation’s Housing and the biennial America’s Rental Housing reports. His recent work includes the Documenting the Long-Run Decline in Low-Cost Rental Units in the US by State, Measuring Housing Affordability: Assessing the 30 Percent of Income Standard, and The Financial Returns to Homeownership: Assessing the Relative Importance of Capital Gains and Imputed Rental Income in Different Neighborhood Contexts. He holds a Master’s in Public Policy and a Master’s in Urban Planning from the University of Michigan.
Cäzilia Loibl is an associate professor at the Department of Human Sciences at The Ohio State University and a Certified Financial Planner™. Dr. Loibl holds appointments with Ohio State University Extension and the John Glenn College of Public Affairs and is a faculty affiliate of the Centre for Decision Research at Leeds University Business School, U.K. and the Center for Financial Security at the University of Wisconsin. Dr. Loibl received her graduate degrees in Household and Nutrition Sciences from the Christian-Albrechts-Universität zu Kiel and the Technische Universität München, both in Germany. Over the past ten years, her research has investigated financial decision making in older age. Her reverse mortgage research team at Ohio State has been awarded funding from the MacArthur Foundation, U.S. Department of Housing and Urban Development, University of Kentucky Center for Poverty Research, and the University of Wisconsin RDRC. In addition, she received a prestigious two-year Marie Curie Fellowship to lead an aging study in three European countries.
Rebecca Loya is a Senior Research Associate at the Institute on Assets and Social Policy (IASP) at the Heller School for Social Policy and Management at Brandeis University. Dr. Loya’s work has focused on a range of issues and policies related to family economic stability, including Children’s Savings Account (CSA) policies, entrepreneurship in communities of color, effects of trauma on women’s economic wellbeing, the gender-racial wealth gap, and integrating asset-building into wider human services. Prior to joining the IASP staff, she spent two years as a Post-Doctoral Research Associate in Public Policy at Brown University. Dr. Loya holds a PhD in Social Policy from the Heller School of Social Policy and Management at Brandeis and a Master's degree in Psychology from Stanford University. Rebecca lives and works in Oakland, California.
Tim Marlowe is a Research Director at NORC at the University of Chicago with a history of evaluating, managing, and improving student outcomes across the age spectrum. Since joining NORC in 2018, he has managed/contributed to multiple projects including analysis of Early Education Essentials provider data for the Illinois State Board of Education, analysis of the link between social network structure and college knowing and going behaviors for the Helios Foundation, and evaluation of outcomes of the Oakland Promise cradle to career programming. Mr. Marlowe is also the project manager of the Early Childhood Research and Practice Collaborative, whose research aims to address problems of practice in early childhood care and education in partnership with practitioners, policy-makers and funders. He holds expertise in data science and predictive analytics, asset-building and college access, and (as a former teacher) instruction and pedagogy. He received his B.A. in Government and Anthropology from the College of William and Mary and his Masters of Public Policy from the Harvard Kennedy School of Government.
Éva Nagypál joined the Office of Research at the CFPB as a Senior Economist in 2012. There she has supervised and conducted research and policy work relating to checking account overdraft, mortgages, financial well-being, and credit records. Before joining the CFPB, Dr. Nagypál was an Associate Director at Navigant Economics, where she directed and performed quantitative and qualitative economic and statistical analyses in support of clients’ litigations. Previously she held faculty positions at Northwestern University for seven years and Stockholm University for one year. During her academic career, she conducted empirical and theoretical research in the areas of labor-market dynamics and macroeconomics. Her findings have been published in top economics journals including the Review of Economic Studies and the Review of Economic Dynamics. She received her Ph.D. from Stanford University in 2001 and her M.A. and B.A. from Brandeis University in 1996 and 1995.
Christiana Stoddard is a Professor in the Department of Agricultural Economics and Economics at Montana State University. She holds a Ph.D. in Economics from the University of California, Santa Barbara and a B.A. in Economics from Brigham Young University. Her research uses advanced applied microeconomic and econometric approaches to study education and health policy. This has included work on student financial aid, financial education mandates, educational and financial outcomes for disadvantaged students, for-profit colleges, and charter school policy. Dr. Stoddard’s research has been published in leading economics journals, including the American Economic Review, the Journal of Money, Credit and Banking, Journal of Human Resources, Journal of Urban Economics, and Economics of Education Review, as well as peer reviewed interdisciplinary journals such as Journal of Consumer Affairs, Journal of Policy Analysis and Management, Education Finance and Policy and Education Next.
Warren Cormier is the Executive Director of the DCIIA Retirement Research Center and formally the CEO and cofounder of Boston Research Technologies (BRT). Mr. Cormier is a veteran in the retirement and financial services industries with more than thirty years of quantitative and qualitative experience. He also has extensive experience in the areas of group dynamics, workplace culture, employee engagement and employee benefits. Recognized as a market research leader in the Defined Contribution industry, he has been voted year after year by DC professionals into the Top 50 Most Influential People in the Industry. Mr. Cormier is also the cofounder of the Behavioral Finance Forum with Dr. Shlomo Benartzi. The mission of the forum is to foster collaboration between the world’s leading behavioral finance academics and leading financial institutions to help consumers make better financial decisions.
Rob Levy is Vice President, Research and Measurement at the Financial Health Network where he leads the research and thought leadership practice. His portfolio includes consumer and industry research, product-level analyses, and business best practices designed to inform the marketplace on how to improve consumer financial health outcomes while generating long-term business growth. In his tenure at the Financial Health Network, Mr. Levy has led several marquee research initiatives on financial health measurement, small-dollar credit, employee financial wellness, and secured credit cards. He speaks frequently at industry and policy conferences and has been quoted in the American Banker, TechCrunch, the Atlantic, Nerdwallet, and HR.com. He has previously worked at a fintech startup and in the U.S. Senate. Mr. Levy also serves as Board President for Neighborhood Trust Federal Credit Union, a community development credit union in upper Manhattan. He earned an M.B.A. from the Yale School of Management and a Bachelor of Applied Sciences from the University of Pennsylvania. He is an avid biker, a lover of jazz and funk, and an occasional meditator.
Genevieve Melford is Director of Insights and Evidence at the Aspen Institute Financial Security Program (FSP) and Director of the Expanding Prosperity Impact Collaborative (EPIC), a first-of-its-kind initiative in the field of consumer finance designed to accelerate knowledge synthesis and problem solving among a wide cross section of experts from applied, academic, government, and industry settings working on critical dimensions of financial security. Prior to joining FSP, Genevieve served as the Senior Research Analyst in the Consumer Financial Protection Bureau's Office of Financial Education, where she led the Bureau’s work to define, measure, and study the drivers of consumer financial well-being. Before that, she served as Director of Research at Prosperity Now, a national nonprofit dedicated to expanding economic opportunity for low-income families and communities. Ms. Melford holds an M.P.A. from Princeton University's Woodrow Wilson School of Public and International Affairs and a B.A. in economics from Wesleyan University.
Lauren Popham is Associate Director, Research and Evaluation at the National Council on Aging. She has over 11 years of research experience in the aging field. At NCOA, Dr. Popham oversees research and evaluation projects in economic security and is responsible for measuring the organization’s social impact. Prior to joining NCOA, she worked at Greenwald & Associates where she led quantitative and qualitative studies on topics such as financial stress and retirement planning. Dr. Popham received her Ph.D. in Lifespan Developmental Psychology with a focus on older adults from North Carolina State University.
Katherine M. Sauer is Vice President, Research and Programs at National Endowment for Financial Education (NEFE). Her responsibilities include the philanthropic, research, evaluation and education initiatives of the foundation. Prior to joining NEFE, Dr. Sauer was vice president at an investment consulting firm where she specialized in retirement plans. Before that, she served three years on a human resources leadership team with the University of Colorado System Administration Office where she worked on special projects in employee engagement, retirement plan modernization and holistic financial wellness. She has held faculty positions at the University of Southern Indiana and Metropolitan State University of Denver and was co-director of the Center for Economic Education at the later. Additionally, Dr. Sauer has consulted for the U.S. Department of Commerce and provided faculty development training at Eurasia University in Xi’an, China. She is an alumna of the University of Colorado Excellence in Leadership Program and is a former fellow of the TIAA Institute and the Center for Research on Consumer Financial Decision-Making. She earned her doctorate in economics from the University of Colorado, Boulder.
Dee Warmath is Assistant Professor of Consumer Economics in the College of Family and Consumer Sciences at the University of Georgia. She earned her Ph.D. in Consumer Science from the University of Wisconsin-Madison and a Master’s in Sociology from Vanderbilt University. After a successful 28-year career in industry, Dr. Warmath made the switch to the academic career path. Her research examines the role of shared decision making and decision skill in well-being with a specific focus on the domains of health and finances. She served as the Principal Investigator for the Bureau of Consumer Financial Protection on its project to define and measure financial well-being, as well as test hypotheses of its drivers. Her research has been published in the Journal of Consumer Research, Journal of Consumer Affairs, Sports Health, and Journal of Business Research and presented at the National Athletic Training Association, Frontiers in Service, Association for Consumer Research, American Council of Consumer Interests, CFP Academic Research Colloquium, Financial Planning Association, and other conferences. She is also a member of the Australian Securities and Investment Commission Research Steering Commission and a fellow of the Center for Financial Security at the University of Wisconsin-Madison.
Kathy Kraninger became Director of the Consumer Financial Protection Bureau in December, 2018. From her early days as a Peace Corps volunteer, to her role establishing the Department of Homeland Security, to her policy work at the Office of Management and Budget (OMB) to the CFPB, Director Kraninger has dedicated her career to public service.
Director Kraninger came to the CFPB from the Office of Management and Budget, where as a Policy Associate Director she oversaw the budgets for executive branch agencies including the Departments of Commerce, Justice, Homeland Security (DHS), Housing and Urban Development, Transportation (DOT), and Treasury, in addition to 30 other government agencies. Previously she worked in the U.S. Senate, where she was the Clerk for the Senate Appropriations Subcommittee on Homeland Security, which provides DHS with its $40 billion discretionary budget. On Capitol Hill, she also worked for the House Appropriations Subcommittee on Homeland Security as well as the Senate Homeland Security and Governmental Affairs Committee. Ms. Kraninger also served in executive branch posts with the Department of Transportation. There, after the terrorist attacks on September 11, 2001, she volunteered to join the leadership team that set up the newly created DHS. Her work at DHS led to awards including the Secretary of Homeland Security’s Award of Exceptional Service, the International Police and Public Safety 9/11 Medal, and the Meritorious Public Service Award from the United States Coast Guard. Ms. Kraninger graduated magna cum laude from Marquette University and earned a law degree from Georgetown University Law Center. She served as a U.S. Peace Corps Volunteer in Ukraine.
Janneke Ratcliffe has served in the Consumer Financial Protection Bureau Division of Consumer Education and Engagement as Assistant Director, managing the Office of Financial Education since 2014. The Office of Financial Education develops and implements initiatives to educate and empower consumers to make informed financial decisions. Ms. Ratcliffe brings a long career in financial services spanning the private sector, the non-profit sector, and academic research. Prior to joining the Bureau, Ms. Ratcliffe was executive director of the Center for Community Capital at the University of North Carolina at Chapel Hill. In this role, she led a group of researchers in examining how people and communities engage with financial services, and the impact of access to financial services on individuals, communities and providers. Before serving at UNC, she spent seven years at Self-Help Ventures Fund, one of the leading community development financial institutions in the United States. There, she was instrumental in implementing a multi-billion dollar secondary market program for affordable home mortgages, and Self-Help’s New Markets Tax Credit Program. Prior to that, she served ten years in the mortgage industry for GE Capital. Before that she held roles as executive director of a non-profit that facilitated financing for small businesses, and as associate in a real estate consulting firm. Ms. Ratcliffe graduated from the University of North Carolina at Chapel Hill with a B.S. in economics and French.
Héctor L. Ortiz is Senior Policy Analyst at the Consumer Financial Protection Bureau’s Office for Older Americans. Dr. Ortiz leads the Bureau’s financial well-being initiatives. He also leads the Office for Older Americans’ research on financial literacy, retirement security and elder financial exploitation. Previously, Dr. Ortiz worked at the Center for Benefits of the National Council on Aging, where he managed research and program evaluation on public benefits outreach and enrollment initiatives targeted at low-income seniors. He is a member of the National Academy of Social Insurance. Dr. Ortiz has a Ph.D. from the Maxwell School of Citizenship and Public Affairs of Syracuse University.
Irene Skricki is the Policy Analyst in the Office of Community Affairs within the Consumer Financial Protection Bureau’s Consumer Education and Engagement division. In this position, she focuses on financial coaching and access to credit. She has been at the CFPB since 2011, previously in the position of Senior Financial Education Program Analyst in the Office of Financial Education, focusing on promoting effective practices in the financial education field. Previous to the CFPB, from 1996 to 2011, Irene was a Senior Associate at the Annie E. Casey Foundation, where she managed the financial stability portfolio, with a focus on innovation, consumer protection, financial access, and wealth building for low-income families. She has also held positions at the Ford Foundation and the Coalition on Human Needs. Ms. Skricki has a Bachelor of Science degree from MIT and a Masters of Public Affairs degree from Princeton University's Woodrow Wilson School.
Carly Urban is Associate Professor of Economics at Montana State University, and a Visiting Scholar with the Office of Financial Education at the Bureau of Consumer Financial Protection. She is also an affiliate of the Center for Financial Security at the University of Wisconsin-Madison. Dr. Urban completed her Ph.D. in Economics at UW-Madison, and she holds a B.A. in Economics and International Affairs from the George Washington University. Her work, largely focusing on the causal effects of financial education on behavior, has been published in top economics and inter-disciplinary peer-reviewed journals. Dr. Urban’s work on financial education has received a wide array of popular press, including Bloomberg News, CNN Money, Market Watch, the New York Times, and TIME.
Donna DeMarco is a Principal Associate at Abt Associates with more than 30 years of experience evaluating public policy issues, and designing and implementing large-scale, program evaluations in a wide variety of fields, including financial well-being, financial education and capability, asset building, community and economic development, and housing. Ms. DeMarco has deep knowledge of the work conducted by the Consumer Financial Protection Bureau on financial well-being and financial skill. Ms. DeMarco has led several studies for the CFPB including the development and administration of the National Financial Well-Being Survey, the corresponding public use-dataset, and four reports using this data. Additionally, Ms. DeMarco is leading the experimental evaluation of Pre-Purchase Homeownership Education and Counseling for the U.S Department of Housing and Urban Development.
Kasey Wiedrich is Director of Applied Research at Prosperity Now, where she oversees a portfolio of projects researching household financial security and well-being, as well as effective practices to help families build financial capability and wealth. In addition, Ms. Wiedrich manages the Prosperity Now Scorecard , which is a state-by-state assessment of how families are faring and the strength of state policies. Prior to joining Prosperity Now in 2007, she worked for the City of New York at the Department of Citywide Administrative Services and the Department of Housing Preservation and Development, and, between 2000 and 2003, managed one of the largest IDA programs in the country at the Opportunity Fund in San Jose, CA. Ms. Wiedrich holds an MPA from New York University's Wagner School of Public Service and a BA in Sociology/Anthropology from Carleton College.
Financial Well-Being Scale and Scorecard
To access the scale, as well as details about how to use it, you can access it through the CFPB’s website here:
Financial Well-Being Scale Toolkit
Financial Well-Being Reports
For more information on CFPB’s Financial Well-Being Tools and Research visit: