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Rosie Yeung에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Rosie Yeung 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Ep211: Combatting Poverty with Neuroscience, not Financial Literacy, with Emily Heath

40:33
 
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Manage episode 301781976 series 2912480
Rosie Yeung에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Rosie Yeung 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

If we see poverty as the result of financial illiteracy, irresponsibility or a lack of self-control, then the blame falls on the person living in poverty, and the answer is to find a job, spend less, and get financial training.

Financial literacy education is definitely important, and these programs have their benefits. But knowledge alone does not develop capability and behaviour change, any more than knowing you should exercise leads to going to the gym.

So why do the majority of financial interventions fail? To understand that, we’re Changing Lenses to see through the eyes of people experiencing financial vulnerability. Dr. Emily Heath, a senior researcher and behavioural neuroscientist, explains the cognitive biases and psychology behind financial decision-making. As we learn about the barriers to healthy financial behaviour, we also learn how racism, discrimination and other forms of oppression exacerbate the problem.

In this episode, you’ll learn:

  • The cognitive biases that derail our best intentions for saving money
  • Why low-income kids do worse in the “marshmallow test”
  • How poverty is a tax on decision-making
  • The effect of traumatic events like racism and domestic violence on financial capability
  • What neuroscience tells us will actually help people facing financial vulnerability

[Please pardon the poor audio quality due to internet recording.]
Full transcript available here.
Contact Rosie and find JEDI resources at: https://www.changinglenses.ca/

ABOUT DR. EMILY HEATH

Dr. Emily Heath is a senior researcher, consultant and behaviour change specialist with a PhD in behavioural neuroscience from the University of Sydney’s Brain and Mind Centre. Emily has been the architect of award-winning financial capability programs, which she has developed for both youth and adults. She is the author of the international report, “How do we really build financial capability? 10 Principles for financial interventions”.

Emily is currently a Senior Manager, Climate Change and Sustainability Services with EY Australia, and sits on the Australian Securities and Investment Commission (ASIC) Schools and Money Working Group.

You can find Emily on LinkedIn.

References and resources in this episode:

Article on Professor Sendhil Mullainathan’s research: https://www.harvardmagazine.com/2015/05/the-science-of-scarcity

https://www.theatlantic.com/family/archive/2018/06/marshmallow-test/561779/

https://www.financialcapability.gov.au/files/how-to-really-build-financial-capability.pdf

http://www.shlomobenartzi.com/save-more-tomorrow

  continue reading

35 에피소드

Artwork
icon공유
 
Manage episode 301781976 series 2912480
Rosie Yeung에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Rosie Yeung 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

If we see poverty as the result of financial illiteracy, irresponsibility or a lack of self-control, then the blame falls on the person living in poverty, and the answer is to find a job, spend less, and get financial training.

Financial literacy education is definitely important, and these programs have their benefits. But knowledge alone does not develop capability and behaviour change, any more than knowing you should exercise leads to going to the gym.

So why do the majority of financial interventions fail? To understand that, we’re Changing Lenses to see through the eyes of people experiencing financial vulnerability. Dr. Emily Heath, a senior researcher and behavioural neuroscientist, explains the cognitive biases and psychology behind financial decision-making. As we learn about the barriers to healthy financial behaviour, we also learn how racism, discrimination and other forms of oppression exacerbate the problem.

In this episode, you’ll learn:

  • The cognitive biases that derail our best intentions for saving money
  • Why low-income kids do worse in the “marshmallow test”
  • How poverty is a tax on decision-making
  • The effect of traumatic events like racism and domestic violence on financial capability
  • What neuroscience tells us will actually help people facing financial vulnerability

[Please pardon the poor audio quality due to internet recording.]
Full transcript available here.
Contact Rosie and find JEDI resources at: https://www.changinglenses.ca/

ABOUT DR. EMILY HEATH

Dr. Emily Heath is a senior researcher, consultant and behaviour change specialist with a PhD in behavioural neuroscience from the University of Sydney’s Brain and Mind Centre. Emily has been the architect of award-winning financial capability programs, which she has developed for both youth and adults. She is the author of the international report, “How do we really build financial capability? 10 Principles for financial interventions”.

Emily is currently a Senior Manager, Climate Change and Sustainability Services with EY Australia, and sits on the Australian Securities and Investment Commission (ASIC) Schools and Money Working Group.

You can find Emily on LinkedIn.

References and resources in this episode:

Article on Professor Sendhil Mullainathan’s research: https://www.harvardmagazine.com/2015/05/the-science-of-scarcity

https://www.theatlantic.com/family/archive/2018/06/marshmallow-test/561779/

https://www.financialcapability.gov.au/files/how-to-really-build-financial-capability.pdf

http://www.shlomobenartzi.com/save-more-tomorrow

  continue reading

35 에피소드

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