Oct 1, 2019
$2 Million Grant from North Carolina Nonprofit Aids Study of Financial Health in Retirement
The Institute of Consumer Money Management (ICMM), a North Carolina-based nonprofit, announced a $2 million grant to three leading universities for studying the financial health of low- and moderate-income Americans who are near or in retirement. Robert Clark, professor at Poole College of Management, will be the principal investigator for the grant at NC State, focusing on understanding the changes in the standard of living for these families as they enter retirement and whether income declines can be moderated by financial literacy initiatives.