University of ArizonaNorton School of Family and Consumer Sciences

Take Charge America Institute

Warm and Fuzzy Financial Ed Doesn't Cut It Anymore

At the height of the massive financial turmoil that rocked the United States in 2008 and 2009, some of us in the financial literacy movement recognized that what was unfolding was more than just Read more »

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Mike Staten
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About Your Money: Think interest, budgets, taxes, and credit

For Michael E. Staten, a professor in the Norton School of Family and Consumer Sciences, a career-long challenge has been teaching individuals who know little aobut their own finances. Read more »

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Mike Staten
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A Blue Chip on His Shoulder: Investing Lessons From Dad

In surveying 2,000 students at the UA, Joyce Serido found that students who are responsible with their money are likely to have parents who will talk with them about financial matters and who set h Read more »

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Joyce Serido
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Grant helps students learn about money

Grant will support professional development for teachers. Read more »

Juan Ciscomani

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Last Name: 
Juan Ciscomani
Senior Program Development Specialist
Take Charge America Institute
650 N Park Ave
Tucson, Arizona 85721-0078
(520) 626-5376

Credit-Wise Cats coordinator, workshop consultant, and Tucson community liaison

Michael E. Staten, Ph.D.

First Name: 
Last Name: 
Michael E. Staten, Ph.D.
Take Charge America Endowed Professor and Director, Take Charge America Institute for Consumer Financial Education and Research
Assistant Dean for Careers, Commerce and Industry
Retailing and Consumer Sciences
650 N Park Ave
Tucson, Arizona 85721-0078
(520) 621-9482

Over the past two decades I’ve been lucky to have a career that was half in the academic world and half in the public policy world. Read more »

Areas of expertise: 

Consumer financial decisions

Economics of retail financial services markets

Financial and economic education

Research Focus: 

I’ve designed projects on a wide range of policy-oriented issues involving the economics of consumer credit markets. Topics have included the causes and consequences of personal bankruptcy and mortgage foreclosures; the role of credit bureau data, credit scoring and risk management tools in expanding access to consumer loans in the U.S. and globally; and the pros and cons of improved loan disclosures and regulatory limits on loan products in helping consumers to make good credit choices.

I’ve also conducted projects for the National Retail Federation and other national associations on issues such as credit card usage patterns and the impact of privacy regulations on the products and customer service offered by retail financial services firms.

I’m particularly proud of a series of projects sponsored by American Express and the Consumer Federation of America that demonstrate the rehabilitative effects of credit counseling on long-term borrower behavior.  I am also proud of our efforts to create pilot demonstration projects here at the University of Arizona that pair financial education with financial products (e.g., savings programs; student loans) to encourage and support completion of higher education degrees. 

Current Projects: 
  • "Arizona Earn to Learn,"  a matched savings  IDA project sponsored through $1.5 million of federal grants to pair a savings program with financial education.  The program is designed to encourage students from low-income families to aspire to attend the University of Arizona and complete a degree.
  • Accuracy of Credit Bureau Information. I am working on a series of papers stemming from work completed in 2012 for the Federal Trade Commission to measure error rates in U.S. credit reports and gauge their impact on consumer credit scores and credit-related opportunities.
  • Principal Investigator, Take Charge Today project.  Funded by a multi-year grant from Take Charge  America, Inc., this project partners with thousands of high school and middle school teachers across the U.S. to provide them with financial education curriculum (free of charge), including detailed lesson plans, active learning tools, online resources for use in the classroom and professional development programs.
Subjects Taught: 
  • Introductory Microeconomics
  • Intermediate Microeconomics
  • Money, Consumers and Family  (Undergraduate, general elective)
  • Economics and Public Policy (MBA)
  • Managerial and Business Economics (Undergraduate and MBA)
  • Economics of Information and Uncertainty (Undergraduate and MA)
  • Retail Financial Services (upper-division Undergraduate)
  • Behavioral Foundations for Consumer Financial Decisions (Graduate)


Select Publications: 

Please contact Dr. Michael Staten if you are unable to locate one of the publications listed below.


Durkin, Thomas, Gregory Elliehausen, Michael Staten and Todd Zywicki. (forthcoming 2013). Consumer Credit and the American Economy.  Oxford University Press.

Refereed journal articles

Smith, L. Douglas, Michael Staten, Thomas Eyesell, Maureen Karig, Elizabeth Freeborn and Andrea Golden.  2013 (in press).  “Accuracy of Information Maintained by U.S. Credit Bureaus:  Frequency of Errors and Effects on Consumers’ Credit Scores.  Journal of Consumer Affairs. 

Brown, Daniel, Charles Link and Michael Staten.  (2012).  The Success and Failure of Counseling Agency Debt Repayment Plans.  Eastern Economic Journal, 38: 99-117.

Barron, J.M., and Staten, M.E., (2008). The Emergence of Captive Finance Companies and Risk Segmentation in Loan Markets: Theory and Evidence. Journal of Money Credit and Banking. 40, 173-192.

Elliehausen, G., Staten, M.E., & Steinbucks, J. (2008). The Effect of Prepayment Penalties on the Pricing of Subprime Mortgages. Journal of Economics and Business. 60, 33-46.

Ellliehausen, G., Staten, M.E., & Lundquist, E.C. (2007). The Impact of Credit Counseling on Subsequent Borrower Credit Usage and Payment Behavior. Journal of Consumer Affairs. 41, 1-28.

Staten, M.E. (2006). The Evolution of the Credit Counseling Industry. The Economics of Consumer Credit, edited by Bertola, et al, The MIT Press. 275-300.

Elliehausen, G. & Staten, M.E. (2004). Regulation of Subprime Mortgage Products: An Analysis of North Carolina’s Predatory Lending Law. Journal of Real Estate Finance and Economics. 29, pp 411-433.

Cate, F., Litan, R. Staten, M.E., & Wallison, P. (2003). Financial Privacy, Consumer Prosperity and the Public Good: Maintaining the Balance. AEI-Brookings Joint Center for Regulatory Studies.

Cate, F. & Staten, M.E., (2003). The Impact of Opt-In Rules on Retail Credit Markets: A Case Study of MBNA. Duke Law Journal, 52, pp 745-786.

Barron, J.M., Staten, M.E., & Wilshusen, S. (2002). The Impact of Casino Gambling on Personal Bankruptcy Filing Rates. Contemporary Economic Policy. 20, 440-455.

Carow, K. & Staten, M.E., (2002). Plastic Choices: Consumer Usage of Third Party vs. Proprietary Credit Cards. Journal of Economics and Finance. 26, 216-232.


Joyce Serido, Ph.D.

First Name: 
Last Name: 
Joyce Serido, Ph.D.
Assistant Director, Take Charge America Institute
Assistant Research Professor
Take Charge America Institute
650 N Park Ave
Tucson, Arizona 85721-0078
(520) 621-5820

I have always been an observer of people — as a child within my large, extended Italian family, in school and in my career. I am intrigued by people’s behavior. Read more »

Areas of expertise: 

Financial coping behaviors

Financial stress and well-being

Family environment and financial well-being

Positive youth development

Financial literacy among lower income youth and families

Research Focus: 

Given my business background and my interest in people, my passion for grounding research insights on human behavior into information that is useful in the everyday lives of individuals and families is not surprising. I have both field and research experience working with youth and adult individuals and groups from youth through adulthood. Broadly speaking, my research emphasizes the social interactions that shape individual health and well-being in adults, particularly interactions that occur during adolescence and emerging adulthood.

As the Principal investigator and project manager of the Arizona Pathways to Life Success for University Students (APLUS) project, I collaborate with a cross-disciplinary team of researchers and campus administrative personnel investigating how young adults develop financial capability. We are following 2,000+ UA students (30% of the 2007 cohort) into adulthood, surveying them every 2-3 years to understand how their financial behaviors change over time, and what accounts for the changes. This research will help us to develop a theory to better predict financial behaviors of young adults and the link between early financial behaviors and well-being in later life.

As a co-investigator on a recently awarded NIH/NIAAA R01 grant, we are examining the long-term effects of family financial stress and parent-child relationships during adolescence on young adult family relationships, financial stress, and alcohol problems, using four waves of AddHealth data. Considering potential mechanisms and directions of influence among these key constructs has the potential to inform future prevention and intervention research.

Because Interventions based on findings from social science research have the potential to benefit vulnerable populations in diverse ways — for example, improving educational outcomes, providing job and life skills, and reducing risky behaviors (e.g., drug/alcohol use) — I have also led several evaluation studies of educational and other program interventions.

Current Projects: 
  • Principal Investigator,Transitioning to Adulthood in Rough Economic Terrain: Arizona Pathways to Life Success for University Students (APLUS) Wave 3.0. Funding: $75,000, National Endowment of Financial Education (NEFE).
  • Principal Investigator, Driving Forced Behind Young Adults Financial Capability: Arizona Pathways to Life Success for University Students (APLUS) Wave 3.0. Funding: $75,000, Citi Foundation. 
  • Co-Investigator, (Stephen Russell, PI). Precursors to Financial Stress and Alcohol Problems in Young Adulthood: $876,801. NIH/NIAAAJoyce Serido (PI) Soyeon Shim (Co-PI). . 3Co-Principal Investigator (Soyeon Shim, PI). Preparing for Young Adulthood: APLUS Wave 2.0. Funding: $150,000, National Endowment of Financial Education (NEFE).
  • Co-Principal Investigator, (Soyeon Shim, PI). Preparing for Young Adulthood: APLUS Wave 2.0. Funding: $150,000, Citi Foundation.  
Subjects Taught: 

Money, Consumer and Personal Finance

Select Publications: 

Please contact Dr. Joyce Serido if you are unable to locate one of the publications listed below.

Serido, J., Lawrey, C., Li, G., Conger, K., Muraco, J., & Russell, S. (2013). The associations of financial stress and parenting factors with alcohol behaviors during the transition to adulthood.  Journal of Family and Economic Issues.

Serido, J. & Joseph, M. (2014). Challenging Assumptions: Crossing Disciplinary Divides to Make Knowledge about Gender and Finance. Feminist  Formations.

Serido, J., Shim, S., Xiao, J. J., Card, N., and Tang, C. (2014). Financial adaptation among college students: Helping students cope with financial strain. Journal of College Student Development.

Shim, S., Serido, J., Tang, C., & Card, N. (In press). Socialization processes and pathways to healthy financial development for young adults. Journal of Applied Developmental Psychology.

Serido, J., Shim, S., &Tang, C. (2013). A framework for promoting financial capability among young adults. International Journal of Behavioral Development. 37 (4), 287 - 297

Totenhagen, C. J., Curran, M. A., Serido, J., & Butler, E. A. (2013). Good Days, Bad Days: Do Sacrifices Improve Relationship Quality? Journal of Social and Personal Relationships. doi: 10.1177/0265407512472475

Shim, S., Serido, J., Bosch, L. &Tang, C. (2013). Financial identity styles among young adults: A longitudinal study of socialization factors and consequences on financial capabilities. Journal of Consumer Affairs, 47(1), 128-152.

Shim, S., Serido, J., & Tang, C. (2013). After the Global Financial Crash: Individual Factors Differentiating Young Adult Consumers’ Trust in Banks and Financial Institutions. Journal of Retailing and Consumer Services, 20, 26-33.

Totenhagen, C. J., Serido, J., Curran, M. A.., & Butler, E. A. (2012). Daily hassles and uplifts: A diary study on understanding relationship quality. Journal of Family Psychology, 26, 719-728.

Serido, J., Borden, L. & Bracamonte-Wiggs, C. (2011). Breaking down potential barriers to continued program participation. Youth and Society. doi: 10.1177/0044118X11424916

Shim, S., Serido, J., & Tang, C. (2011). The ant and the grasshopper revisited: The present psychological benefits of saving for tomorrow. Journal of Economic Psychology, 33(1), 155-165.

Xiao, J. J., Tang, C., Serido, J., Shim, S. (2011). Antecedents and Consequences of Risky Credit Behavior Among College Students: Application and Extension of the Theory of Planned Behavior. Journal of Public Policy and Marketing, 30(2), 239-245.

Shim, S., Serido, J., & Barber, B. L., (2011). A consumer way of thinking: Linking consumer socialization and consumption motivation perspectives to adolescent development. Journal of Research on Adolescence: Decade in Review, 21(1), 290-299.

Tel: Main Office 520.621.1075 Norton School Student Services 520.621.1295
Mailing Address: 650 N. Park Ave Tucson, Arizona 85721-0078 (Map to McClelland Park)
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