Matching Items (13)
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- All Subjects: Finance
- Creators: Hoffman, David
- Member of: Barrett, The Honors College Thesis/Creative Project Collection
- Status: Published
Description
Financial Intelligence Pays Off blog is an easy to use blog for high school juniors and seniors and college students to access in order to receive a quick overview of essential financial topics. There are many sources and college courses for students to take to get a more in-depth understanding of topics such as saving, filing taxes, learning about credit but many times students do not know about these courses. However, it is often that courses are restricted to students who are business majors and online sources sometimes use to technical of terminology for young adults to follow along. The goal of this blog is for it to give students just a quick overview of what taxes are, how to manage and have a good credit score, how to keep a budget and other essential financial tasks. There are five topics covered in the blog as well as resources for students to access if they would like more information on a topic.
ContributorsFavata, Danielle (Co-author) / Perez-Vargas, Sofia (Co-author) / Sadusky, Brian (Thesis director) / Hoffman, David (Committee member) / WPC Graduate Programs (Contributor) / School of Accountancy (Contributor) / Department of Information Systems (Contributor) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2018-12
Description
Dodd-Frank should be celebrated for its success in stabilizing the financial sector following the last financial crisis. Some of its measures have not only contained financial disaster but contributed to economic growth. These elements of Dodd-Frank have been identified as "clear wins" and include the increase of financial institutions' capital requirements, the single-point-of-entry approach to regulating financial firms, and the creation of the Consumer Financial Protection Bureau (CFPB). The single-point-of-entry strategy (SPOE), specifically, has done much to bring an end to the age of "too big to fail" institutions. By identifying firms that could expect to be aided in case of financial crisis, the SPOE approach reduces uncertainty among financial institutions. Moreover, SPOE eliminates the significant source of risk by establishing clear protocols for resolving failed financial firms. Dodd-Frank has also taken measures to better protect consumers with the creation of the CFPB. Some of the CFPB's stabilizing actions have included the removal of deceptive financial products, setting guidelines for qualified mortgages, and other regulatory safeguards on money transfers. Despite the CFPB's many triumphs, however, there is room for improvement, especially in the agency's ability to reduce regulatory redundancies in supervision and collaboration with other financial sector controllers. The significant strengths of Dodd-Frank are evident in its elements that have secured financial stability. However, it is important to also consider any potential to stifle healthy economic growth. There are several areas for legislative amendments and reforms in order to improve the performance of Dodd-Frank given its sweeping regulatory impact. Several governing redundancies now exist with the creation of new regulatory authorities. Special efforts to increase the authority of the Financial Sector Oversight Council (FSOC) and preserving the impartiality of the Office of Financial Research (OFR) are specific examples of reforms still needed to elevate the effectiveness of Dodd-Frank. In addition, Dodd-Frank could do more to clarify the Volcker Rule in order to ease banks' burden to comply with excessive oversight. Going forward, policymakers must be willing to adjust parts of Dodd-Frank that encroach too far on the private sector's ability to foster efficiency or development. In addition, identifying and monitoring areas of the legislation deemed "too soon to tell" will provide insight on the accuracy and benefit of some Dodd-Frank measures.
ContributorsConrad, Cody Lee (Author) / Sadusky, Brian (Thesis director) / Hoffman, David (Committee member) / School of Politics and Global Studies (Contributor) / Department of Management and Entrepreneurship (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
Description
The goal of this thesis is to motivate college students to be financially aware and drive them toward attainable financial goals and freedom through budgeting. By providing a foundation of financial knowledge, they can begin to make intelligent decisions about their purchases. After they learn about their current spending habits, students can soundly determine what they have monetarily and then how to allocate that money appropriately. The paper outlines different categories these students should focus on fiscally, like rent and housing as the largest expenses and entertainment expenses as a common pitfall in a college student's budget. Constant financial awareness is reiterated throughout, indicating this is a day-to-day skill to develop. The thesis finally ties up with discussing financing options for college and life in general, with student loans, credit cards, and savings.
ContributorsSchachte, Jessica Linn (Author) / Budolfson, Arthur (Thesis director) / Hoffman, David (Committee member) / Barrett, The Honors College (Contributor) / Department of Finance (Contributor)
Created2013-12
Description
Millennial involvement levels in the stock market are startlingly low. But what has caused this disconnect between America's younger generation and the financial sector? Stress from past financial crises, distrust of Wall Street, corporate greed, or a dislike of capitalism could surely all be viable culprits. Through our mutual experiences and research, however, we have found that most millennials aren't cynical anarchists avoiding the stock market in an attempt to fight against the system. Rather, they are individuals who have the desire to learn about investing but are clueless as to where/how to start. We both began investing in the stock market early in our college careers by opening online brokerage accounts and developing investment portfolios based on knowledge we learned within our Finance degrees and through independent research. Word of our involvement in the stock market began to spread in our social circles and people would consistently approach either of us and ask a variety of questions regarding investing. Questions such as: Can you sit down and help me open up an account and pick some stocks? What type of things do you invest in? How do I get started? How much money have you made? (always a favorite). Pre-med students, engineers, business, science, and technology majors alike all showed interest in the stock market. The more and more we talked to people, the more we realized that the problem was not a lack of desire or a lack of intellect. The problem was a lack of logically presented information, and barriers to entry that were far too high. We want to fix that. Investnet will be an online educational platform that will teach anyone the basics of investing, in plain, easy to understand terms. Whether the individual has absolutely zero knowledge of finances, or has some familiarity with investing, Investnet will provide them with the knowledge and confidence necessary to start investing in the stock market (or choose not to, but at least they'll know how).
ContributorsMcKenzie, Connor (Co-author) / Shatila, Jordan (Co-author) / Budolfson, Arthur (Thesis director) / Hoffman, David (Committee member) / School of Mathematical and Statistical Sciences (Contributor) / Department of Finance (Contributor) / W. P. Carey School of Business (Contributor) / Economics Program in CLAS (Contributor) / Barrett, The Honors College (Contributor)
Created2016-05
Description
The current state of financial inequality in America is showing multiple economic and social problems that harm the American dream and legacy. It is found that increasing inequality causes slower GDP growth, underinvestment in human capital, and disproportionate shifting of political power to the rich. Researches show that Average Americans do not realize how severe inequality has gotten over the past few decades, but one thing is clear: What they thought as ideal distribution of wealth is nowhere close to the reality. In this thesis, I examine the current state of inequality and how it has changed since the 1980s. Then, I present reasons why inequality has been on an increasing trend and identify what economic policies lead to rising inequality. With analysis of Reaganomics (trickle-down economics), I make an argument that reducing taxes on the rich might provide a short-term boost in the national economy, but such policy soon encounters side effects and is unsustainable. Fighting inequality is an imperative step to boost the American middle class and maintain sustainable and stable economic growth. In order to relieve inequality down closer to what Americans picked as the appropriate level, I present two recommendations that can be effective in fighting inequality. One is to reform the tax policies to make it more progressive especially towards the top 5% and shift the tax burden from the bottom to the top, while implementing stricter regulations regarding tax evasion. Next is to provide disadvantaged students with better access to higher education by subsidizing public universities more and lowering FAFSA rate. Realizing one's earning potential starts with education, and higher education today is more important than any other time in the past. Once these solutions prove effective and inequality is relieved, America will be able to regain her reputation as land of opportunity and enjoy faster economic growth.
ContributorsOh, Jae Yoon (Author) / Hoffman, David (Thesis director) / Sadusky, Brian (Committee member) / Yim, Roy (Committee member) / Department of Finance (Contributor) / School of Geographical Sciences and Urban Planning (Contributor) / Barrett, The Honors College (Contributor)
Created2015-12
Description
Financial decisions, which are major life decisions, can often be overly complicated. Day-to-day financial calculations and investment decisions can be time-consuming and prone to human error. Thus, keeping in mind the complicated nature of finance and the heavy dependence on these formulas for decision-making, the need for a comprehensive financial calculator rises. The financial calculator is a set of comprehensive logical formulas that takes user input and provides recommendations along with numerical values. The program uses Python scripting language and is focused on the core logic. The program also uses a variety of finance topics and related concepts.
ContributorsJee, Ambika (Author) / Hoffman, David (Thesis director) / McDaniel, Cara (Committee member) / Barrett, The Honors College (Contributor) / School of Criminology and Criminal Justice (Contributor) / Department of Information Systems (Contributor)
Created2023-05
Description
Financial decisions, which are major life decisions, can often be overly complicated. Day-to-day financial calculations and investment decisions can be time-consuming and prone to human error. Thus, keeping in mind the complicated nature of finance and the heavy dependence on these formulas for decision-making, the need for a comprehensive financial calculator rises. The financial calculator is a set of comprehensive logical formulas that takes user input and provides recommendations along with numerical values. The program uses Python scripting language and is focused on the core logic. The program also uses a variety of finance topics and related concepts.
ContributorsJee, Ambika (Author) / Hoffman, David (Thesis director) / McDaniel, Cara (Committee member) / Barrett, The Honors College (Contributor) / School of Criminology and Criminal Justice (Contributor) / Department of Information Systems (Contributor)
Created2023-05
Description
Financial decisions, which are major life decisions, can often be overly complicated. Day-to-day financial calculations and investment decisions can be time-consuming and prone to human error. Thus, keeping in mind the complicated nature of finance and the heavy dependence on these formulas for decision-making, the need for a comprehensive financial calculator rises. The financial calculator is a set of comprehensive logical formulas that takes user input and provides recommendations along with numerical values. The program uses Python scripting language and is focused on the core logic. The program also uses a variety of finance topics and related concepts.
ContributorsJee, Ambika (Author) / Hoffman, David (Thesis director) / McDaniel, Cara (Committee member) / Barrett, The Honors College (Contributor) / School of Criminology and Criminal Justice (Contributor) / Department of Information Systems (Contributor)
Created2023-05
ContributorsJee, Ambika (Author) / Hoffman, David (Thesis director) / McDaniel, Cara (Committee member) / Barrett, The Honors College (Contributor) / School of Criminology and Criminal Justice (Contributor) / Department of Information Systems (Contributor)
Created2023-05
Description
With the rise in education costs and student debt, financial literacy and knowledge has never been more important. Sadly, the current reality is that financial literacy is not a staple in the curriculum for most of the American education system. Budgeting, saving, building credit and many other financial skills are key parts of your life right after college and very few students come out of school with a solid understanding of them. The goal of this paper is to introduce a few key elements of personal finance for those students and recent graduates who have little to no exposure to them. The topics I chose to discuss are budgeting, student loans, investing, and retirement. The numbers and salary figures are from Arizona State Career services to set up scenarios that many ASU graduates will face right out of school. More specifically the budgeting section is set up to mimic what income level, rent expense, and student loan payments graduating Sun Devils can expect to see right out of school. It was also important for me to introduce topics for long term planning like investing and retirement. Setting goals and preparing for the future, no matter how far down the road it seems, are fundamental for establishing a healthy financial foundation. Building a healthy financial foundation takes time, patience and understanding but it is a possibility for everyone. Establishing a very basic knowledge of these topics can help students immensely and utilizing this guide, along with other outside resources, students and graduates will be able to start their journey toward a more secure financial future.
ContributorsOliver, Corbett William (Author) / Brian, Sadusky (Thesis director) / Hoffman, David (Committee member) / Department of Information Systems (Contributor) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05