Ph.D., University of Wisconsin-Madison, 1988 - Continuing & Vocational Education, Minor- Social Gerontology
M.S., Kansas State University, 1978 - Family Economics
B.S., Kansas State University, 1976 - Consumer Affairs

• 2007 Outstanding Conference Paper. "Financing long term care: Risk management intentions and behaviors of couples." Association for Financial Counseling and  Planning Education (AFCPE).
• 2004 Financial Security in Later Life National Initiative. Outstanding Educational Program.  Association for Financial Counseling and Planning Education (AFCPE).  Member of national team and major contributor to resources.
• 2004 Financial Security in Later Life National Initiative. Honorable Mention. American Distance Education Consortium (ADEC) Excellence in College and University Distance Education Award.
• 2001-2006 Cooperative Extension National Initiative Development and Management Team Member for “Financial Security in Later Life.” One of 13 faculty nationwide nominated and selected for leadership roles.
• 1999 Harlan Copeland Award for Excellence in Programming for “Who Gets Grandma’s Yellow Pie Plate?”™ (Minnesota Association for Continuing Adult Education) 1999 Commendation from Governor of Minnesota for Partnership efforts with Project 2030, Aging Initiative upon recommendation of Board of Directors of Partnership Minnesota
• 1997 Epsilon Sigma Phi (National Honorary Extension Fraternity) Distinguished Regional Team Award for “Who Gets Grandma’s Yellow Pie Plate?”™
• 1997 National Extension Association of Family and Consumer Sciences Florence Hall Award for “Who Gets Grandma’s Yellow Pie Plate?”™

Aging Families and Long-Term Care, Economic Well-Being, Decision-Making Issues and Processes in Later Life Families, Intergenerational Resource Transfers, Advance Care Planning

My teaching and learning work is focused on research-based outreach and engagement given my faculty appointment with the University of Minnesota Extension Service (see Outreach and Engagement section) including:

• Program development processes
• Curriculum development
• On-line media development
• Programming resources development
• Training extension faculty and helping professionals
• Community outreach presentations

Later Life Transitions:  A Family Economics and Gerontological Perspective 

Financial security in later life, especially the impact and financing of long term care.  Examining the interaction of macro long term care policies and practices and micro level family economic well-being and decision making from an ecological and family systems perspective.  Couple-level decision making context, process, and outcomes.

Intergenerational resource transfers, especially inheritance and legacy issues.  Understanding decision making processes and outcomes when specific types of resources are transferred within and across the generations in the context of complex family relationships.  Interpersonal justice theoretical insight and application (fair processes and outcomes). 

 Life and death health care decisions.  Changes in life expectancies, advances in medical technology, and an emphasis on personal autonomy have created complex dilemmas and decisions for family members.  Previous research has focused on:

• examining how health care systems and public policy influence individual and family decision making in times of incapacity; and
• the effectiveness of community education interventions for improving communication among patient, family members, and health care providers.

Improving Financial Literacy and Family Decision Making

•  Find trustworthy educational tools for consumers and professionals

Given my faculty appointment with the University of Minnesota Extension Service my scholarship is focused on research-based outreach and engagement.  The mission of the University of Minnesota Extension Service, as one means of outreach, is to connect community needs and University resources. My outreach work includes:

• Program development processes
• Curriculum development
• On-line media development
• Programming resources development
• Training extension faculty and helping professionals
• Community outreach presentations
• Media outreach
• Improving policy and practice.

Financing Long Term Care

Stum, M. (in press; 20(2); 2008). Group Long Term Care Insurance: Decision Making Factors and Implications for Financing Long Term Care. Journal of Aging and Social Policy.

Schaber, P. & M. Stum.  (June, 2007).  Factors impacting group long term care insurance enrollment decisions. Journal of Family and Economic Issues.

Stum, M. (2007).  Financing long term care: Risk management intentions and behaviors of couples. Financial Counseling and Planning. 17(2),  79-89.

Stum, M., K. Anderson, H. Haberman, N. Rodrigues. (2005).  Perceptions about financing long term care:  A cohort perspective.  University of Minnesota. (for Minnesota Dept of Human Services).  On-line at www.dhs.state.mn.us (policy and research)

Stum, M., K. Anderson, H. Haberman, N. Rodrigues. (2005).  A life course perspective: Perceptions about financing long term care.  University of Minnesota. (for Minnesota Dept of Human Services). On-line at www.dhs.state.mn.us (policy and research)

Stum, M. (2005).  Making decisions about financing long term care:  The experiences of Minnesota couples.  University of Minnesota. (for Minnesota Dept of Human Services). On-line at www.dhs.state.mn.us (policy and research)

Stum, M. (2005).  Financing long term care: Examining family decision making to help inform policy and practice.  University of Minnesota. (for Minnesota Dept of Human Services). On-line at www.dhs.state.mn.us (policy and research)

Stum, M., Zuiker, V., Pelletier, E., & L. Hope. (2001). To buy or not to buy: Examining long-term care insurance decision-making from the employee perspective. University of Minnesota..

Stum, M. (2001). Financing long term care: Examining decision outcomes and systemic       influences from the perspective of family members. Journal of Family and Economic Issues, 22(1), 25-53.

Stum, M. (2000). Later life financial security: Examining the meaning attributed to goals when coping with long term care. Financial Counseling and Planning, 11(1), 25-37.

Stum, M. (1998). The meaning and experience of spending down to Medicaid in later life. Advancing the Consumer Interest, 10(2), 23-34.

Stum, M., Bauer, J., & Delaney, P. (1998). Disabled elders out-of-pocket home care expenses: Examining financial burden. Journal of Consumer Affairs, 32(1), 82-105.

Stum, M., Bauer, J., & Delaney, P. (1996). Out-of-pocket home care expenditures for disabled elderly. Journal of Consumer Affairs, 30(1), 24-47.

Bauer, J., & Stum, M. (1994). Money management needs and help of elderly living in the community. Financial Counseling and Planning, 5, 147-159.

Intergenerational Resource Transfers

Stum, M. (2004).  Who Gets Grandma’s Yellow Pie Plate?  Society of Certified Senior Advisors (CSA) Journal.  24. 34-39.

Stum, M. (2003).  Who Gets Grandma’s Yellow Pie Plate?  Journal of Family and Consumer Science.  95 (7). American Association of Family and Consumer Sciences. (invited for Strategies in Action section)

Stum, M. (2000). Families and inheritance decisions: Examining non-titled property transfers. Journal of Family and Economic Issues, 21(2), 177-202.

Stum, M. (1999). I just want to be fair: Interpersonal justice in intergenerational transfers of non-titled property. Family Relations, 48(2), 159-166.