Media Advisory

New York Fed to Co-Host Event June 9 on the Role of Debt in Building Household Wealth

May 25, 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, which guests can attend either in person or via livestream, 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.

Speakers include:

  • Don Baylor, Co-Head of Community Impact and Managing Director of Services, Lafayette Square
  • 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.
  • Judy Dougherty, Head of Enterprise Capabilities and Financial Wellness Officer, Prudential Financial
  • Lynnette Khalfani-Cox, Founder, The Money Coach
  • 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
  • Mae Watson Grote, Founder and Chief Executive Officer, Change Machine
  • Frederick F. Wherry, Director, Debt and Dignity Network
  • Bryan Young, Co-Founder and Chief Executive Officer, Home Lending Pal

This event is presented by the New York Fed's Community Development team, which has three areas of focus: healthhousehold financial well-being, and climate risk.

This hybrid event is open to the public and media. 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.

Contact
Ellen Simon
(347) 978-3036
Ellen.Simon@ny.frb.org

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