{"id":13072,"date":"2025-03-19T08:00:00","date_gmt":"2025-03-19T12:00:00","guid":{"rendered":"https:\/\/blogs.lib.purdue.edu\/news\/?p=13072"},"modified":"2025-03-14T08:08:01","modified_gmt":"2025-03-14T12:08:01","slug":"financial-literacy-for-older-adults-seed-grant-award","status":"publish","type":"post","link":"https:\/\/blogs.lib.purdue.edu\/news\/2025\/03\/19\/financial-literacy-for-older-adults-seed-grant-award\/","title":{"rendered":"Financial literacy for older adults seed grant award"},"content":{"rendered":"\n<p><strong>By Rachel Fundator, clinical assistant professor and information literacy instructional designer<\/strong>, <strong>and<\/strong> <strong>Dr. Clarence Maybee, associate dean for learning and W. Wayne Booker Chair in Information Literacy<\/strong><\/p>\n\n\n\n<p>The <a href=\"https:\/\/lib.purdue.edu\/iilp\/\">Institute for Information Literacy at Purdue<\/a> 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.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/i0.wp.com\/blogs.lib.purdue.edu\/news\/files\/2025\/03\/financial-literacy-1.jpg?resize=1024%2C683&#038;ssl=1\" alt=\"\" class=\"wp-image-13076\" style=\"width:385px;height:auto\" srcset=\"https:\/\/i0.wp.com\/blogs.lib.purdue.edu\/news\/files\/2025\/03\/financial-literacy-1-scaled.jpg?resize=1024%2C683&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blogs.lib.purdue.edu\/news\/files\/2025\/03\/financial-literacy-1-scaled.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/blogs.lib.purdue.edu\/news\/files\/2025\/03\/financial-literacy-1-scaled.jpg?resize=768%2C512&amp;ssl=1 768w, https:\/\/i0.wp.com\/blogs.lib.purdue.edu\/news\/files\/2025\/03\/financial-literacy-1-scaled.jpg?resize=1536%2C1024&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blogs.lib.purdue.edu\/news\/files\/2025\/03\/financial-literacy-1-scaled.jpg?resize=2048%2C1365&amp;ssl=1 2048w, https:\/\/i0.wp.com\/blogs.lib.purdue.edu\/news\/files\/2025\/03\/financial-literacy-1-scaled.jpg?resize=1152%2C768&amp;ssl=1 1152w, https:\/\/i0.wp.com\/blogs.lib.purdue.edu\/news\/files\/2025\/03\/financial-literacy-1-scaled.jpg?resize=1620%2C1080&amp;ssl=1 1620w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" data-recalc-dims=\"1\" \/><\/figure><\/div>\n\n\n<p>Today\u2019s older adults\u2014those 65 years old and beyond\u2014face 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.<\/p>\n\n\n\n<p>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\u2019s latest seed grant awards, Adler\u2019s 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.&nbsp;<\/p>\n\n\n\n<p>The Institute is eager to learn about the team\u2019s recommendations for libraries and information professionals to improve financial literacy among older adults.<\/p>\n\n\n\n<p><strong>Institute Awardees for \u201c<\/strong><strong>Gamified Finance Simulator for Older Adults: A Financial Literacy and Vulnerability Intervention\u201d<\/strong><strong>:&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Abhinav Choudhry,<\/strong> doctoral student<\/li>\n\n\n\n<li><strong>Kyrie Zhixuan Zhou, <\/strong>doctoral student<\/li>\n<\/ul>\n\n\n\n<p><strong>Rachel Adler, <\/strong>associate professor in the School of Information Science, University of Illinois, Urbana-Champaign<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":166,"featured_media":13076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[13,13101],"tags":[13102],"class_list":["post-13072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-news-and-announcements","tag-general"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/blogs.lib.purdue.edu\/news\/files\/2025\/03\/financial-literacy-1-scaled.jpg?fit=2560%2C1707&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pT6ms-3oQ","_links":{"self":[{"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/posts\/13072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/users\/166"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/comments?post=13072"}],"version-history":[{"count":4,"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/posts\/13072\/revisions"}],"predecessor-version":[{"id":13098,"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/posts\/13072\/revisions\/13098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/media\/13076"}],"wp:attachment":[{"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/media?parent=13072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/categories?post=13072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.lib.purdue.edu\/news\/wp-json\/wp\/v2\/tags?post=13072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}