Toward an Inclusive Recovery: Achieving an Equitable and Inclusive Wealth Recovery

On June 29, join the Federal Reserve Banks of Boston and St. Louis for Toward an Inclusive Recovery: Achieving an Equitable and Inclusive Wealth Recovery, featuring two virtual panels. First, experts will discuss how household balance sheets and wealth gaps have evolved since the beginning of the pandemic. Next, panelists will discuss how evidence-based solutions could contribute to a more equitable and inclusive wealth recovery. We hope you’ll join us.

Seminar details

Wealth can be transformative in its ability to promote financial security and opportunity across generations. Yet, wealth gaps have existed well before the pandemic, and the uneven trajectory of the recovery may have intensified them. Historical factors and ongoing systemic barriers have significantly inhibited the ability of people of color, women, and other disadvantaged groups to accumulate meaningful levels of wealth.

Wealth gaps could widen further depending on housing and stock market performance and the expected expiration of critical cash, food, housing, and debt assistance to struggling families. As a result, households may experience depleting savings and increasing debts to potentially alarming levels. Price increases in various sectors, resulting from inflation and global events, could have disparate effects on family wealth holdings. This could burden those with less wealth even more while those with greater wealth may draw down theirs to meet consumption needs. How can we ensure the most vulnerable families are equitably included in recovery and wealth-building efforts? How can more families build the healthy balance sheets they need to thrive?

This seminar, presented by the Federal Reserve Banks of Boston and St. Louis, will discuss wealth trends since the pandemic and how evidence-based responses, within households and the broader economy, can promote wealth equity and an inclusive wealth recovery. The first panel will provide a framing of the issue, including how different household assets and liabilities have been affected. The second panel will explore ideas on how to move beyond a simple recovery mindset and focus on collectively getting families to a more stable and resilient wealth position moving forward.

Speakers

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About the Seminar Series

The Federal Reserve Community Development Research Seminar Series is a forum for exploring the intersection of research, policy, and practice in the community development field. The Series expands access to high-quality research that informs stakeholders who are working to support low- and moderate-income communities and communities of color.