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Debt: When it Helps, When it Hurts, What it Could Do to Build Household Wealth

June 9 @ 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

Don Baylor
Co-Head of Community Impact and Managing Director of Services
Lafayette Square

Dyvonne Body

Dyvonne Body
Community Development
Federal Reserve Bank of New York

Ray Boshara

Ray Boshara
Senior Advisor, Institute for Economic Equity
Federal Reserve Bank of St. Louis

Wole Coaxum

Wole Coaxum
Founder and Chief Executive Officer
Mobility Capital Finance, Inc. (MoCaFi)

Judy Dougherty

Judy Dougherty
Head of Enterprise Capabilities and Financial Wellness Officer
Prudential Financial

David Erickson

David Erickson
Head of Community Development
Federal Reserve Bank of New York

Mae Watson Grote

Mae Watson Grote
Founder and Chief Executive Officer
Change Machine

Lynette Khalfani-Cox

Lynnette Khalfani-Cox
Founder
The Money Coach®

Jonathan Kivell

Jonathan Kivell
Director of Community Investments
Federal Reserve Bank of New York

Signe-Mary McKernan

Signe-Mary McKernan
Vice President, Center on Labor, Human Services, and Population
Urban Institute

Genevieve Melford

Genevieve Melford
Director of Insights and Evidence
Aspen Institute Financial Security Program

Sarah Morgenstern

Sarah Morgenstern
Venture Partner
Flourish Ventures

Sid Pailla

Sid Pailla
Founder and Chief Executive Officer
Sunny Day Fund

Ida Rademacher

Ida Rademacher
Vice President and Executive Director
Aspen Institute Financial Security Program

Joanna Smith-Ramani

Joanna Smith-Ramani
Managing Director
Aspen Institute Financial Security Program

Fred Wherry

Frederick F. Wherry
Director
Debt and Dignity Network

Bryan Young

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

View Organizer Website

Location

This hybrid event has the option to attend virtually or in person.

33 Liberty Street
New York, NY 10045 United States
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(212) 720-5000
View Venue Website