UND-based Financial Interdependence Project hosting colloquium Sept. 22-24
GRAND FORKS, N.D.— The Financial Interdependence Project, located at the University of North Dakota and supported by the College of Nursing & Professional Disciplines, is hosting a colloquium at UND’s Memorial Union. The event brings together an interdisciplinary group of scholars, practitioners and funders from across the nation to UND to discuss fostering financial capability and prosperity through the power of mutual assistance.
Financial Interdependence is the idea that the financial well-being of an individual is tied to their relationships and community. Around the world, individuals, families and communities practice the sharing of money and resources, a behavior that establishes resilient financial safety nets. This practice, rooted in various cultures, practiced habits and religion may be observed in the form of formal savings clubs, remittances, wealth transfers and support during moments of crisis or opportunity. To move beyond the traditional educational focus on financial independence, the FIP seeks to address the gap in research and education that currently exists in this vital field.
The three-day event will be held Friday through Sunday, Sept. 22-24.
Saturday, Sept. 23 | Media Invitation Times – UND Memorial Union, Room 139
- 11 a.m. to 12:30 p.m.
- Members of the media are invited to attend the above time to observe the discussion. Participants will be available for interview during lunch.
- Attendance is by invitation and for members of the media only.
“In recognizing the presence of financial interdependence, helping professionals can better meet the needs of their clients. These clients may in fact be supporting both themselves and others outside the immediate household,” says FIP Primary Investigator Jeffrey Anvari-Clark. “At the Financial Interdependence Project, we’re aiming to reorient the perspective on money, showing that sharing is a norm being carried out all around us and that this has profound implications for how we design poverty and money related behavioral health interventions.”
In preparation for the colloquium, FIP-associated scholars Jeffrey Anvari-Clark and Julie Miller (AARP) published “Financial Interdependence: A Social Perspective” in the peer-reviewed journal Encyclopedia. In the entry, the authors lay out a theoretical framework for financially interdependent decision making based upon both a financial goal and relationship considerations, explore various contextual influences driving financial interdependence, and identify implications for practice, research and policy.
About the Financial Interdependence Project
The Financial Interdependence Project (FIP) serves as a research, training, and systems change institute dedicated to helping people become financially capable and prosperous, by harnessing principles of mutuality. By acknowledging the power of financial interdependence within cultures and communities, FIP seeks to reshape financial education and empower individuals with culturally informed knowledge. Through research, collaboration, and education, FIP aims to foster future research and education. The FIP is funded through a UND CNPD seed grant. Seed grants are meant to produce preliminary or pilot data to eventually develop larger, grant-funded projects. Through the seed grant funding, the Financial Interdependence Project (FIP) is actively engaging with scholars, practitioners, institutions, funders, and individuals who share a passion for exploring and advancing the concept of financial interdependence.
For media inquiries or more information about the Financial Interdependence Project, please contact:
Jeffrey Anvari-Clark Ph.D., MA, LMSW