Search
Loading
March 19th, 2025
By Rachel Fundator, clinical assistant professor and information literacy instructional designer, and Dr. Clarence Maybee, associate dean for learning and W. Wayne Booker Chair in Information Literacy
The Institute for Information Literacy at Purdue is thrilled to support a team of researchers from the University of Illinois who are examining the efficacy of a gamified finance simulator in improving the financial literacy of older adults.
Today’s older adults—those 65 years old and beyond—face challenges in conducting financial transactions in digital environments. Higher degrees of distrust, lower use of digital technologies, and the shift towards e-commerce make the older adult population vulnerable when conducting financial tasks online.
The team of researchers led by Dr. Rachel Adler, associate professor in the School of Information Science at the University of Illinois, aims to improve the financial literacy, reduce financial vulnerability, and enhance self-efficacy of older adults conducting financial tasks online. With the help of the Institute’s latest seed grant awards, Adler’s team is developing and testing a financial simulator and online resource center that teaches older adults to accomplish digital banking and ecommerce tasks, while also developing strategies for guarding against common online security threats.
The Institute is eager to learn about the team’s recommendations for libraries and information professionals to improve financial literacy among older adults.
Institute Awardees for “Gamified Finance Simulator for Older Adults: A Financial Literacy and Vulnerability Intervention”:
Rachel Adler, associate professor in the School of Information Science, University of Illinois, Urbana-Champaign
Filed under: general, News and Announcements