SSA Financial Literacy Research Consortium

The summary for the SSA Financial Literacy Research Consortium grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Office of Policy ORES, which is the U.S. government agency offering this grant.

SSA Financial Literacy Research Consortium: We are announcing the solicitation of applications for a cooperative agreement to compete for a Financial Literacy Research Consortium (FLRC). Section 1110 of the Act, 42 U.S.C. 1310. We seek applications in support of the FLRC that will serve as a national resource fostering innovative R&D on how to encourage savings through greater financial literacy, being cognizant that Social Security income is a fundamental source of retirement savings for many, and thus a cornerstone of our involvement. The FLRC may consist of up to two research centers. The Consortium's purpose is to benefit the public through the following: (1) Research, development and evaluation. We expect the FLRC to plan, initiate, and maintain a multidisciplinary R&D program of high quality. This R&D will result primarily in educational products that encourage savings and effective retirement planning, including planning for the key decisions around retirement timing and benefit receipt. It may also result in research-based recommendations on the architecture or structure of programs or mechanisms that encourage use of public and private sector savings plans.