Household Liquidity and Financial Innovations: Evidence from the Survey of Consumer Finances

Angela C. Lyons (
Economics, University of Texas at Austin
November, 2004
Dr. Lyons is an Associate Professor in the Department of Agricultural and Consumer Economics at the University of Illinois and is currently the Director for the Center for Economic and Financial Education. She received her Ph.D. in economics from the University of Texas at Austin. Her research and educational efforts focus on emerging issues related to household economics and finance, with particular emphasis on financial education and inclusion.

She has extensive experience on the international front - working closely with industry, education, and government to build practical, sustainable, and measurable models that offer innovative solutions for improving the financial stability of communities worldwide. To date, she has assisted over 30 countries with efforts related to financial capability, inclusion, and consumer protection, as well as community and economic development, national strategic planning, business planning, technological innovation, government policy, and program assessment.

In 2008, Lyons was identified by the U.S. Department of the Treasury as one of twenty-nine leading financial literacy scholars and assisted in setting a national agenda to improve economic and financial literacy in the U.S. In 2004, she was identified again by the U.S. Government Accountability Office as one of twenty-three national leaders in financial education and was invited to participate in the U.S. Comptroller General’s forum on Improving Financial Literacy: The Role of the Federal Government. In 2003, Lyons presented testimony on the importance of financial literacy for young adults before the Subcommittee on Education and the Workforce for the U.S. House of Representatives. In 2002, she was a delegate to the National Summit on Retirement Savings in Washington, D.C. She has also served as an advisor to the U.S. Department of Justice, providing expertise on credit counseling and debtor education for U.S. bankruptcy filers. More recently, she was appointed by the U.S. Department of the Treasury to lead a national evaluation team to develop a set of standardized metrics to measure consumers' financial knowledge and behavior.

Dr. Lyons is widely published in leading research journals and has been interviewed by numerous media sources including The Wall Street Journal, U.S. News & World Reports, CNN, CBS MarketWatch, and Money Magazine. She also has been invited to speak before numerous groups such as the Federal Reserve Board, the U.S. Department of the Treasury, the U. S. Department of Labor, the U. S. Department of Justice, the U.S. Government Accountability Office, the Federal Deposit Insurance Corporation, the National Association of State Boards of Education, the National Center on Poverty Law, the Jump$tart Coalition for Personal Financial Literacy, the Credit Union National Association (CUNA), and the North American Securities Administrators Association (NASAA). She has served on many advisory boards, including the American Council on Consumer Interests, the Center for Financial Services Innovation, Money Management International, Child and Youth Finance International, and MasterCard International.


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