Connecting Communities: When Every Dollar Counts: Worker Perspectives on the Economy

What does it mean to ‘tighten your belt’ when you’ve already run out of notches? Through a compelling combination of on-the-ground research and policy expertise, this session will examine how workers who earn low to moderate incomes (LMI) are navigating rising costs, limited opportunities, and a challenging job market. Attendees will gain insights on the effects financial distress of LMI communities have on labor market dynamics and economic mobility and resilience. 

Featuring highlights from the Worker Perspectives research, this session will reveal the daily realities of individuals struggling to make ends meet and illuminate how financial pressure shapes their consumption patterns, employment choices, and long-term planning. Attendees will also hear perspectives from the Presidents of the Federal Reserve Banks of Cleveland and Chicago, and the Executive Vice President over Research at the Federal Reserve Bank of Atlanta on how insights from various economic stakeholders, including workers and job seekers, provides a unique window in economic conditions and helps to shape monetary policy considerations. 

Through this session, policymakers will deepen their understanding of how LMI populations experience the economy and the effect of their behavior on macroeconomic trends. Employers will gain perspective on evolving workforce needs and the financial pressures shaping their labor supply and worker decisions. Organizations serving workers and job seekers will discover actionable insights to better support economic mobility and build household resilience. 

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