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Debt: When it Helps, When it Hurts, What it Could Do to Build Household Wealth
June 9, 2022 @ 2:00 pm – 4:30 pm EDT
On Thursday, June 9, the Federal Reserve Bank of New York, the Federal Reserve Bank of St. Louis, and the Aspen Institute Financial Security Program will host a hybrid event on the role of household debt in building wealth. The event will feature contributors to the book, The Future of Building Wealth, and will showcase research and solutions aimed at mitigating burdensome and wealth-depleting debt, while improving the use of wealth-building debt.
Event details
The event will explore the role policymakers, philanthropists, and capital providers can play in improving access to capital as a tool to building long-term stability, including access to loans for higher education, starting a small business, or purchasing a home.
This hybrid event is open to the public and media. Registration for attending either in-person or virtually is available through the registration link. All remarks are on the record and the event will be livestreamed with a recording to be made available afterwards. For media inquiries, please contact Ellen Simon at ellen.simon@ny.frb.org.
Speakers
Don Baylor
Co-Head of Community Impact and Managing Director of Services
Lafayette Square
Dyvonne Body
Community Development
Federal Reserve Bank of New York
Ray Boshara
Senior Advisor, Institute for Economic Equity
Federal Reserve Bank of St. Louis
Wole Coaxum
Founder and Chief Executive Officer
Mobility Capital Finance, Inc. (MoCaFi)
Judy Dougherty
Head of Enterprise Capabilities and Financial Wellness Officer
Prudential Financial
David Erickson
Head of Community Development
Federal Reserve Bank of New York
Mae Watson Grote
Founder and Chief Executive Officer
Change Machine
Lynnette Khalfani-Cox
Founder
The Money Coach®
Jonathan Kivell
Director of Community Investments
Federal Reserve Bank of New York
Signe-Mary McKernan
Vice President, Center on Labor, Human Services, and Population
Urban Institute
Genevieve Melford
Director of Insights and Evidence
Aspen Institute Financial Security Program
Sarah Morgenstern
Venture Partner
Flourish Ventures
Sid Pailla
Founder and Chief Executive Officer
Sunny Day Fund
Ida Rademacher
Vice President and Executive Director
Aspen Institute Financial Security Program
Joanna Smith-Ramani
Managing Director
Aspen Institute Financial Security Program
Frederick F. Wherry
Director
Debt and Dignity Network
Bryan Young
Co-Founder and Chief Executive Officer
Home Lending Pal
Agenda
2:00–2:05 pm ET
Welcome Remarks
David Erickson, Head of Community Development, Federal Reserve Bank of New York
2:05–2:15 pm ET
Keynote
Genevieve Melford, Director of Insights and Evidence, Aspen Institute Financial Security Program
2:15–2:45 pm ET
Interview
Lynnette Khalfani-Cox, Founder, The Money Coach®
Frederick F. Wherry, Director, Debt and Dignity Network
Mae Watson Grote, Founder and Chief Executive Officer, Change Machine moderator
2:45–3:25 pm ET
Lifting Innovations
Judy Dougherty, Head of Enterprise Capabilities and Financial Wellness Officer, Prudential Financial
Sid Pailla, Founder and Chief Executive Officer, Sunny Day Fund
Bryan Young, Co-Founder and Chief Executive Officer, Home Lending Pal
Joanna Smith-Ramani, Managing Director, Aspen Institute Financial Security Program moderator
3:25–3:35 pm ET
Break
3:35–4:15 pm ET
Capital to Solutions
Don Baylor, Co-Head of Community Impact and Managing Director of Services, Lafayette Square
Wole Coaxum, Founder and Chief Executive Officer, Mobility Capital Finance, Inc. (MoCaFi)
Signe-Mary McKernan, Vice President, Center on Labor, Human Services, and Population, Urban Institute
Sarah Morgenstern, Venture Partner, Flourish Ventures
Jonathan Kivell, Director of Community Investments, Federal Reserve Bank of New York moderator
4:15–4:25 pm ET
Call to Action
Ray Boshara, Senior Advisor, Institute for Economic Equity, Federal Reserve Bank of St. Louis
Ida Rademacher, Vice President and Executive Director, Aspen Institute Financial Security Program
4:25–4:30 pm ET
Closing Remarks
Dyvonne Body, Community Development, Federal Reserve Bank of New York
4:30 pm ET
Reception
Presented by
The Aspen Institute
Location
This hybrid event has the option to attend virtually or in person.
A collaboration among the Board of Governors and the 12 Reserve Banks of the FEDERAL RESERVE SYSTEM.