February 23, 2007
FOR IMMEDIATE RELEASE
Contact: Lois A. Vitt

NEFE Awards Grant to ISFS
to Study Financial Decision Making

Middleburg, Virginia

One of the first programs to be approved under the new National Endowment for Financial Education (NEFE) Grants initiative announced in May 2006 has been given to the Institute for Socio-Financial Studies (ISFS) and lead researcher Lois A. Vitt, Ph.D.

With the NEFE grant of $65,950, ISFS will review current research from various disciplines--such as neuroscience, psycho-social sciences, and behavioral economics and finances--to develop a better understanding of how people make financial decisions.

The project ultimately aims to help financial educators and planners work with the information that the study uncovers on financial behaviors to inspire their students and clients to become more savvy consumers. In addition, the resulting findings will be published to create a basis for financial behavior theory on which later research can build.

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The National Endowment for Financial Education is an independent, nonprofit foundation committed to educating Americans about personal finance and empowering them to make positive and sound decisions to reach financial goals.