Financial Literacy

 

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Dr. Hira rings the opening bell at the New York Stock Exchange April 26, 2010, to launch National Financial Literacy Month. Photo by NYSE Euronext

Dr. Hira has initiated research and written extensively in the field of financial literacy, with a specific focus on financial education, financial management, money management, financial conditions, resource management, and family financial management.

Many major financial institutions, including CitiBank, have engaged Dr. Hira to develop and teach credit counseling seminars and workshops. She has created numerous credit counseling educational materials for public and private clients.

Honors and awards

2009–current Chair, Financial Literacy Advisory Council of NYSE Euronext.
2008 President’s Advisory Council on Financial Literacy, appointed by the 43rd President of the United States, George W. Bush.
2007 Financial Literacy Skills Writing Committee (Iowa Governor Chet Culver’s appointment to Model Curriculum for 21st Century Skills Committee).
2004 Award-winning paper—Effects of Financial Education on Self-directed Financial Learning and Career Satisfaction of Lower-level, White-collar Workers, National Endowment for Financial Education Think Tank “Motivating Americans to Develop Constructive Financial Behaviors.” Denver, Colorado, May. $1,000 Award.
2004 “The Best of 25 Years,” by the Journal of Financial Planning, October 1. Hira, T. K., H. Van Auken, and D. Norris. A look behind the scene: A survey of how CFPs work. Journal of the Institute of Certified Financial Planners 7(2):69–85. This article was selected and reprinted (October, pp. 76–88).
1995–1998 Member of National Expert Bank: American Association of Family and Consumer Sciences for family resource management subject matter.
1992 Grace Olson Resident Instruction Award for Application of Computers in Teaching Family Financial Planning Concepts, Iowa State University, College of Family and Consumer Sciences.

Research grants

Importance of family financial counseling in today’s credit society, Federal Government of Canada, Summer Youth Employment Grant for the preparation of sound-slide presentation, $10,000.

Publications

Refereed journals

2010 Sabri, F., M. MacDonald, T. Hira, and J. Masud. Childhood Consumer Experience and the Financial Literacy of College Students in Malaysia. Family and Consumer Sciences Research Journal (accepted for publication).
2005 Loibl, Cäzilia, and Tahira K. Hira. Impact of self-directed financial learning on financial and career satisfaction of white-collar employees. Financial Counseling and Planning 16(1):11–21.
1999 Hira, T. K., and O. Mugenda. Predictors of financial satisfaction: Differences between retirees and non-retirees. Financial Counseling and Planning 9(2):75–83.
1997 Hira, T. K., K. Monson, and A. Fanslow. Work training skills of Iowa’s family investment program participants. Family Economics and Resource Management Biennial Journal 2:1–7.
1995 Hira, T. K., and K. Kostelecky. Methods of data collection from debtors in bankruptcy after discharge: A pilot study. Journal of the Family Economics and Resource Management Division of AAFCS 1:101–7.
1993 Fitzsimmons, V. S., T. K. Hira, J. W. Bauer, and J. L. Hafstrom. Financial management: Development of scales. Journal of Family and Economic Issues 14(3):257–74.
1992 Hira, T. K., A. M. Fanslow, and R. M. Vogelsang. Determinants of satisfaction with preparation for financial emergencies. Financial Counseling and Planning Education 3:43–62.
1992 Hira, T. K., and V. Fitzsimmons. Resource management of rural communities. Journal of Extension (Fall): 38–9.
1990 Mugenda, O. M., T. K. Hira, and A. M. Fanslow. Assessing the causal relationship among communication, money management practices, satisfaction with financial status, and satisfaction with quality of life. Lifestyles: Family and Economic Issues 11(4):343–60.
1989 Titus, P. M., A. M. Fanslow, and T. K. Hira. Effect of financial management knowledge of household money managers on behaviors and outputs. Journal of Vocational Home Economics Education 7(1):58–70.
1988 Nagashima, S., T. K. Hira, S. Shirai, and Y. Otsuka. Life planning and family financial management. In Dr. Mitsuaki Imai (Ed.), Analysis of Current Conditions: Issues and Problems in Consumer Education (pp. 73–94). Tokyo, Japan: Japan Academy of Consumer Education.
1987 Hira, T. K. Households’ financial management factors influencing solvency and satisfaction. Journal of the Japan Society of Household Economics 10(3):199–207.
1987 Hira, T. K., and M. J. Mueller. The application of managerial system to money management practices. Iowa State Research Journal 62(2):219–34.
1987 Danes, S. M., and T. K. Hira. Money management knowledge of college students. Journal of Student Financial Aid 17(1):4–16.
1987 Hira, T. K. Money management practices influencing household asset ownership. Journal of Home Economics 79(2):19–22.
1987 Hira, T. K. Role of education to alleviate family financial problems. Institute of Home Economics, Scottish Branch, Queen’s College, Glasgow, Scotland.
1985 Hira, T. K. Impact of family financial management practice on household’s solvency status. In Ujie and Matsuda (Eds.), The Age of Home Economics. Tokyo, Japan: Institute of Human Ecology.

Books and chapters in books

1996 Hira, T. K., and A. Swift. Application of a resource management model to improve family financial well-being. In L. Engberg, J. Varjour, and H. Steinmller (Eds.), Family Resource Management Issues (pp. 109–13). International Federation of Home Economics (IFHE): Family Resource Management Committee.
1988 Nagashima, S., T. K. Hira, S. Shirai, and Y. Otsuka. Life planning and family financial management. In Dr. Mitsuaki Imai (Ed.), Analysis of Current Conditions: Issues and Problems in Consumer Education (pp. 73–94). Tokyo, Japan: Japan Academy of Consumer Education.
1985 Hira, T. K. Impact of family financial management practice on household’s solvency status. In Ujie and Matsuda (Eds.), The Age of Home Economics. Tokyo, Japan: Institute of Human Ecology.

Invited papers

2009 Hira, Tahira K. Personal Finance: Past, Present and Future, Networks Financial Institute Policy Brief series.

Papers in refereed proceedings

2001 Hira, T. K., and M. Anderson. Financial beliefs, feelings, and behaviors of college students. In Proceedings of the Annual Conference of the Eastern Family Economics and Resource Management Association (pp. 40–61).
1999 Hira, T. K., and O. M. Mugenda. Do men and women differ in their financial beliefs and behaviors? In Proceedings of the Annual Conference of the Eastern Family Economics and Resource Management Association (pp. 1–80). University of Texas, Austin, Texas.
1991 Mugenda, O., T. K. Hira, and A. Fanslow. Influence of net worth, financial planning and satisfaction with quality of life. In Sharon Danes (Ed.), Financial Challenges for the Twenty-first Century (pp. 141–55). Association for the Financial Counseling and Planning Education, University of Minnesota, St. Paul, Minnesota.
1988 Hira, T. K. Money management practices and satisfaction with various aspects of households’ finances among Japanese. In William C. Bailey (Ed.), Families and Finances: Agenda for the Future (pp. 29–43). Association for Financial Planning and Counseling Education, Lubbock, Texas.
1985 Hira, T. K., and C. Fletcher. Impact of technology on deregulation on personal financial management. In S. Nickols (Ed.), Thinking Globally-Acting Locally—The Balancing Act (pp. 207–15). The Family Economics/Home Management Pre-Conference Workshop, The American Home Economics Association, Temple University, Philadelphia, Pennsylvania..
1984 Mueller, J., and T. K. Hira. Impact of selected money management practices on household solvency status. In K. Goebel (Ed.), Consumer Responsibility/Corporate Responsibility (pp. 76–9). American Council on Consumer Interest, 30th Annual Conference, Atlanta, Georgia.

Non-refereed papers—proceedings and other

1986 Hira, T. K. Financial management practices of two-income households. In G. Pyles (Ed.), Consumer Services for the Family: 15th Annual Conference (pp. 57–62). Southeastern Regional Association for Family Economics/Home Management, Akron, Ohio.

Technical and research reports

2002 Lean personal financial management: Key to employee financial well-being. Educator’s Manual; Student Manual. Iowa State University, University Extension. Iowa Manufacturing Extension Partnership.

Other professional activities

Consulting

Development of research and teaching program in family financial planning (summer). Kuala Lumpur, Malaysia.

Invited presentations to professional organizations/groups

International

2003 Hira, T. K. Importance of financial literacy in the current technology and information environment. Japan Consumer Finance Association (JCFA) Consumer Finance Symposium, Osaka/Tokyo, Japan, October.
  Hira, T. K. Impact of workplace financial education on career satisfaction and employee loyalty. Financial Forum II, Canadian Home Economics Education, Vancouver, BC, Canada, December 8–10.
2003 Hira, T. K. Critical elements of financial education for high school students. Consumer Education Association of Tokyo, Tokyo, Japan, October.
2003 Hira, T. K. Impact of the proposed U.S. consumer bankruptcy legislation on credit counseling and financial education of the American consumer (keynote). Annual Conference of the Academy of Consumer Finance and Services, Sapporo, Japan, November.
2003 Hira, T. K. Predictors of family economic well-being. Journalism Fellowships in Child and Family Policy Conference, University of Maryland, Washington, D.C., January 8.
1999 Hira, T. K. The nature of a fresh start and the role of financial education in granting discharge to Chapter 7 debtors. INSOL International Conference of the Americas, Bermuda.
1998 Hira, T. K. Importance of financial management education as part of family resource management in developing economies. College of Home Economics, Lahore, Pakistan.
1997 Hira, T. K. Credit culture and the need for money management education. University of Putra, Kuala Lumpur, Malaysia.
1996 Hira, T. K. Application of family resource management model to improve family financial well-being. International Federation of Home Economics Congress, Bangkok, Thailand.
1995 Hira, T. K. Consumer credit issues and the role of money management education and credit counseling (keynote). Japan-American Consumer Education Conference, Tokyo, Japan.
1994 Hira, T. K. Consumer debt and consumer bankruptcy in the U.S.A.: The need for money management education and financial counseling. Association of Home Science Alumnae of New Zealand, Inc., Dunedin, New Zealand.
1994 Hira, T. K. Underlying causes of family financial problems and development of appropriate financial counseling techniques. Otago Budget Advisory Services district meeting, Dunedin, New Zealand.
1990 Hira, T. K. Risk management practices and their impact on household’s satisfaction with financial status. Nara Women’s University, Department of Consumer Economics and Resource Management, Nara, Japan.
1987 Hira, T. K. Role of education to alleviate family financial problems. Institute of Home Economics, Scottish Branch, Queen’s College, Glasgow, Scotland.
1987 Hira, T. K. Factors contributing to family financial problems. Institute of Home Economics, Scottish Branch, Queen’s College, Glasgow, Scotland.
1987 Hira, T. K. Assessment and evaluation of family financial management curriculum for home economics educators. Manchester Polytechnic Institute, Department of Home Economics, Manchester, England.
1986 Hira, T. K. Impact of financial problems on family living and family financial management education. Hyogo University of Teacher Education, Japan.
1986 Hira, T. K. Household’s financial management practices influencing solvency and satisfaction (keynote). Japan Society of Household Economics, Osaka, Japan.
1986 Hira, T. K. Factors influencing various aspects of household financial management. 8th International Home Economics Research Conference, Glasgow, Scotland.

National and regional presentations

2010 Hira, T. K. Financial Education What We Know & What Next! (keynote). Eastern Family Economics and Resource Management Biennial Conference, Chattanooga, Tennessee, March 2–4.
2009 Hira, T. K. Financial Management Education: Past, Present & Future. Networks Financial Institute, Indiana State University, National Conference: Improving Financial Literacy and Reshaping Financial Behavior: Research Papers and Perspectives. Indianapolis, Indiana, May 14–15.
2004 Hira, T. K. Consumer bankruptcy—Global comparisons (North America, Asia, and Europe). Eastern Family Economics and Resource Management Association (EFERMA) Regional Symposium on Consumer Bankruptcy, February.
2003 Hira, T. K. Need for financial education: Why now? (keynote). Connecticut State Board of Education Financial Literacy Symposium, Hartford, Connecticut, March 27.
2003 Hira, T. K. Need for financial education: Role of family and consumer sciences professionals. Annual conference, Wisconsin Family and Consumer Sciences, Madison, Wisconsin, March 7.
1995 Hira, T. K. Role of family in developing money management attitudes: An insight for financial professionals (keynote). Master planner section of the Annual Conference of the Institute of Certified Financial Planners (ICFP), San Diego, California.
1995 Hira, T. K. Family resource management approach to moderating the effect of toxic environment on children. Invited response to James Garbarino’s keynote address at the 2nd General Session of American Association of Family and Consumer Sciences, New Orleans, Louisiana.
1984 Hira, T. K. Research: How it helps understand financial concerns of families. Iowa State University Cooperative Extension Service Family Financial Counseling Workshop, Cedar Falls, Iowa.
1982 Hira, T. K. Financial management in an age of economic uncertainty. Annual meeting of Iowa Home Economics Association, Fort Dodge, Iowa.
1982 Hira, T. K. Personal financial management for young adults. WOI-TV series, Young People Speak Out, Ames, Iowa.
1981 Hira, T. K. Financial problems and money management for church families. Iowa Clergy Economic Education 16th Annual Conference, Boone, Iowa.

Juried presentations at professional meetings — regional, national, or international

2004 Loibl, C., and T. K. Hira. Effects of financial education on self-directed financial learning and career satisfaction of lower-level, white-collar workers. The Think Tank “Motivating Americans to Develop Constructive Behaviors,” sponsored by National Endowment for Financial Education, Denver, Colorado, May 11–13.
2004 Loibl, C., and T. K. Hira. Effects of financial education on self-directed financial learning and career satisfaction of lower-level, white-collar workers. Annual Conference of the American Council on Consumer Interest (ACCI), Washington, D.C., March 31–April 3.
2004 Loibl, C., and T. K. Hira. Workplace financial education and employee financial behavior and beliefs: The role of self-directed financial learning (research paper). Annual Conference of Eastern Regional Family Economics and Resource Management Association (EFERMA), Tampa, Florida, February 26–28.
2003 Hira, T. K., and C. Loibl. Effects of financial education in the workplace on employee financial behavior. American Council on Consumer Interest, Atlanta, Georgia, April 2–5.
1997 Hira, T. K. Work training skills of Iowa’s Family Investment Program (FIP) participants. Annual meeting of Family Economics–Resource Management and Family Relations–Human Development Pre-Conference to the American Association of Family and Consumer Sciences, Washington, D.C.
1993 Fanslow, A. M., N. J. Helgerson, and T. K. Hira. Money management competencies of managers over time. Research poster session presented at the American Home Economics Association (AHEA) Conference, Orlando, Florida.
1992 Hira, T. K. Household resource management systems cross-cultural approach: An application to credit management by household. Household Resource Management International Research Symposium, Ebsdorfergrund, Germany.
1990 Sumarwan, U., and T. K. Hira. Financial management practices influencing satisfaction with household financial status. Annual Conference of American Home Economics Association, San Antonio, Texas.
1989 Titus, P. M., A. M. Fanslow, and T. K. Hira. Financial management knowledge and behaviors of household money managers. Poster session presented at the Annual Conference of American Home Economics Association, Cincinnati, Ohio.
1988 Hira, T. K. Money management practices and satisfaction with various aspects of household finances among Japanese. Annual meeting of Association for Financial Planning and Counseling Education, Lubbock, Texas.
1986 Hira, T. K. Financial management practices of two-income households. Southeastern Regional Association for Family Economics/Home Management Meeting, Akron, Ohio.
1984 Danes, S., and T. K. Hira. Money management knowledge of college students. Building Family Strengths National Symposium, Lincoln, Nebraska.
1984 Mueller, J., and T. K. Hira. A managerial systems approach to money management practices of a household. Southeastern Regional Association for Family Economics/Home Management Conference, Blacksburg, Virginia.
1983 Hira, T. K. Money management knowledge, attitudes, and practices among households. Sixth National Symposium on Building Family Strengths, Lincoln, Nebraska.

Iowa presentations

2009 Hira, T. K. Financial Literacy: National perspective and Implications for Women. Iowa State University Foundation, Women in Philanthropy Annual Conference, Ames, Iowa, May 13..
2009 Hira, T. K. Financial Literacy in America: Opportunities and Challenges. Greater Des Moines Committee, Des Moines, Iowa, April 8.
2009 Hira, T. K. President’s Council on Financial Literacy. Mason City First National Bank and First Citizens Trust Company, Mason City, Iowa, June.
2009 Hira, T. K. Why Financial Education and Why Start Early? Treynor State Bank, Treynor, Iowa, April 14.
2008 Hira, T. K. Youth financial literacy: challenges and opportunities. Annual meeting of Jump$tart Coalition Iowa, Ankeny, Iowa, July.
2001 Hira, T. K. Successful financial planning for women business owners. Cherokee, Iowa.
1993 Helgerson, N., A. M. Fanslow, and T. K. Hira. Economic profile of Iowa money managers over time (1982–1991). Iowa Home Economics Association, Des Moines, Iowa.
1988 Hira, T. K. Money management practices of Japanese households. Annual Conference of Iowa Home Economics Association, Coralville, Iowa.

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  • "We as parents have to be much more alert and involved in our children's lives — when we give them rights (to use credit cards), we need to help them understand the responsibility that goes with those rights."

    Tahira Hira — Washington Post