Mission

The Goals, Objectives, Outcomes of the Minorities Retirement Security Program are stated below.

Project Duration: October 2013 – 30 September 2014

Goal I

Diversify the literature on minorities, and retirement security and financial literacy interventions by increasing the volume of research and publishing of minority scientists.

Objectives

  1. Formulate strategies to test the understanding and application of financial literacy interventions among low-income and minority groups.
  2. Increase the volume of supported research and scholarly activity developed by minority scientists.
  3. Establish a research center to coordinate projects of scientific inquiry within low-income and minority communities that focus on financial literacy and retirement security.

Outcomes

By the end of the grant cycle, the research and scholarly activity produced by the fellows trained in the project show a significant increase in the number and quality of academic writings in the area of inquiry suitable for publishing.

Goal II

Improve the academic currency of minority student scientists who conduct high quality research in areas of retirement security, financial literacy, and/or financial decision-making within minority and low-income communities.

Objectives

  1. Nine eligible graduate students of minority status will be selected within the first quarter of the grant cycle to successfully complete a research and professional development program.
  2. The professional development needs of fellows insofar as research, scholarship and publication are concerned will be identified and addressed using a continuum of workshops, symposia and training.
  3. Nine fellows will produce nationally recognized research outcomes that add to the specialized literature on retirement security, financial literacy and financial interventions.
  4. Ninety-five percent of the fellows will apply the requisite strategies and research-based skills in working with low income and minority communities.
  5. Ninety-five percent of the fellows will participate in showcase events to disseminate their research findings and elevate them to national prominence.
  6. To institutionalize the development of graduate student research scientists at CSU working on retirement security, financial literacy and financial interventions within minority communities.

Outcome

At the end of the grant, there will be a significant increase in the number of well-trained minority scientists who are able to conduct research in areas of retirement security, financial literacy, and/or financial decision-making within minority and low-income communities.

Goal III

Implement on-going assessment activities that will demonstrate project outcomes.

Objectives

  1. To review the quality of the work produced; to measure how well the work was received.
  2. To develop metrics to measure assessment results against performance goals and objectives at regular intervals.
  3. To ensure fair and realistic evaluation of project processes, outcomes and other measures.
  4. To contract for an independent project evaluation of the project services developed in the grant.

Outcome

At the end of the grant cycle, an evaluation will demonstrate how well the project met the goals and objectives set forth in grant application and if stakeholders derived a benefit.