Event

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

June 09, 2022

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.

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.

Event Details

Date & Time
June 9, 2022
2:00pm - 4:30pm EDT (Reception to follow)

Location
Federal Reserve Bank of New York
Auditorium
33 Liberty Street
New York, NY

Audience

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.


Agenda
Agenda
2:00pm-2:05pm Welcome Remarks

David Erickson, Head of Community Development, Federal Reserve Bank of New York
2:05pm-2:15pm Keynote

Genevieve Melford, Director of Insights and Evidence, Aspen Institute Financial Security Program
2:15pm-2:45pm Interview

Moderator: Mae Watson Grote, Founder and Chief Executive Officer, Change Machine

Lynnette Khalfani-Cox, Founder, The Money Coach®

Frederick F. Wherry, Director, Debt and Dignity Network
2:45pm-3:25pm Lifting Innovations

Moderator: Joanna Smith-Ramani, Managing Director, Aspen Institute Financial Security Program

Sid Pailla, Founder and Chief Executive Officer, Sunny Day Fund

Bryan Young, Co-Founder and Chief Executive Officer, Home Lending Pal
3:25pm-3:35pm Break
3:35pm-4:15pm Capital to Solutions

Moderator: Jonathan Kivell, Director of Community Investments, Federal Reserve Bank of New York

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
4:15pm-4:25pm 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
4:25pm-4:30pm Closing Remarks

Dyvonne Body, Community Development, Federal Reserve Bank of New York
4:30pm Reception

resources

Visit the New York Fed's page on Community Development.

 


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