Not Your Average Financial Podcast™

Episode 103: The Family Prosperity Index with Scott Moody and Wendy Warhcolik


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  • Would you like to join us on our live show on September 7, 2019 at 1PM Central Time? (See details below)
  • Would you like to take our 90-second survey?
  • Who is Wendy Warhcolik?
  • Who is Scott Moody?
  • How did Scott and Wendy meet?
  • What inspired the Family Prosperity Index?
  • What is your state’s tax burden?
  • What are the connections between one’s social choices and economic choices?
  • How has Wendy’s experience driven her to study economic outcomes?
  • How does Utah perform?
  • How do New Mexico and West Virgina perform?
  • How are the states different?
  • What are some of the metrics that go into The Family Prosperity Index?
  • What are the ways to bring value in our country?
  • What about gambling?
  • How many Americans are on welfare?
  • Can the government create wealth?
  • What does the government crowd out?
  • What about fatherlessness and single mother families?
  • What about communities and religious institutions?
  • What did Scott and Wendy learn about Utah?
  • What did they learn about faith and heroine epidemic?
  • What about Mississippi and Alabama?
  • What is the relationship between debt and demographics?
  • What is “demographic winter”?
  • Are there enough young people to support current population levels?
  • What about Maine and West Virginia?
  • What about Pennsylvania?
  • How does demographic winter affect economic growth?
  • How does a population that is rapidly aging affect government spending decisions?
  • What about the map in the Family Prosperity Index?
  • What about a solution?
  • Should you move to a mountain state?
  • How has public policy affected families?
  • What about the gallup survey on religious families?
  • How might we rebuild communities?
  • What do family businesses offer?
  • What about the suicide crisis in white middle-aged men?
  • What is a possible solution?
  • What built America?
  • What do family businesses protect from?
  • How does owning Bank on Yourself® type policies allow people the freedom to take entrepreneurial risks?
  • What is a nuclear bomb to family finances?
  • How have our clients benefited from the freedom to take risks?
  • Is it too late (for the bottom states)?
  • What might need to change?
  • What would Wendy and Scott say to religious leaders and political leaders?
  • How does the Family Prosperity Index empower leaders?
  • Would you like to look at their website, familyprosperity.org? And their new site FPI Ventures!
  • Has your state been featured yet?
  • Would you like to look at the data?
  • Where can you learn more?
  • What are the takeaways and surprises?
  • As a public choice economist trained in applied microeconomics and econometrics, Wendy Warcholik has spent her career applying economic tools to the problems of state government.  Wendy is Chief Economist at the Family Prosperity Institute and co-creator of the Family Prosperity Index.  She is also a Senior Fellow at Illinois Policy Institute and the Oklahoma Council of Public Affairs.  

    Her prior professional experience includes positions as Economist at the U.S. Department of Commerce’s Bureau of Economic Analysis, Chief Forecasting Economist for the Commonwealth of Virginia’s Department of Medical Assistance Services, and Adjunct Scholar with The Tax Foundation.  She has worked as a consultant to free-market think tanks across the country for the past seven years.  

    Warcholik is the co-creator of the Tax Foundation’s popular State Business Tax Climate Index, now in its sixteenth year of publication and nominated as a finalist for the Templeton Freedom Prize.

    Warcholik received her Ph.D. in Economics from George Mason University.  While pursuing her Ph.D., she was a Bradley Foundation Research Fellow with Nobel Laureate James Buchanan’s Center for the Study of Public Choice. Additionally, Warcholik has taught numerous economics courses to MBA students. 

     

    J. Scott Moody has worked as a Public Policy Economist for over 18 years. He is the author, co-author and editor of 170 studies and books. He has testified before the House Ways and Means Committee of the U.S. Congress as well as various state legislatures. His work has appeared in Forbes, CNN Money, State Tax Notes, Portland Press Herald, New Hampshire’s Union Leader, Hartford Courant, The Oklahoman, and Albuquerque Journal.

    He was formerly the CEO and Chief Economist of the State Policy Network (SPN) affiliated think tank Maine Heritage Policy Center.  He is the co-creator of the Family Prosperity Index and President of the Family Prosperity Institute.  Moody is a Senior Fellow at Illinois Policy Institute.  He currently serves on the board and is founder of the Granite Institute, the SPN affiliated think tank in New Hampshire.  His professional experience includes positions as Senior Economist at Tax Foundation and Senior Economist at Heritage Foundation.  Additionally, Scott was appointed to Maine’s Consensus Economic Forecasting Commission by Governor Paul LePage (R) in January 2011.

     Moody is the original creator of the Tax Foundation’s popular State Business Tax Climate Index, now in its sixteenth year of publication and nominated as a finalist for the Templeton Freedom Prize.

    Moody received his Master of Arts in Economics from George Mason University.

     

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