Financial Well-Being and the Narrowing Racial Wealth Gap

It is vital for policymakers to have a clear picture of consumers’ financial health, particularly as the economy recovers following the Covid-19 pandemic. To that end, every three years, the Federal Reserve conducts the Survey of Consumer Finances (SCF), one of the most detailed examinations of household wealth in the United States. Conducted in 2019 and 2022, the two most recent surveys provide a valuable resource to researchers who wish to explore wealth changes during the pandemic. During this event, we will share research that draws from the SCF and other sources to present data on the racial wealth gap and nine economic factors that impact the disparity in net worth between households by race and ethnicity. Following the research presentation, a panel of experts will discuss economic factors that impact this gap and policies that could address it.

  • Print
  • Email

Financial Well-Being and the Narrowing Racial Wealth Gap

Thursday, 02/08/24
11:00 AM
Opening Remarks
Moderator
Frederick C. Martin, Executive Vice President, Administrative Services & Chief Financial Officer, Chicago Federal Reserve Bank of Chicago
11:03 AM
Racial Wealth Gains and Gaps: 9 Economic Facts about the Disparities
Speaker
Kristen Broady, Senior Economist and Economic Advisor and Director of the Economic Mobility Project, Federal Reserve Bank of Chicago
Speaker
Anthony Barr, TBA, National Bankers Association
11:23 AM
Panel Discussion and Audience Questions
Moderator
Ben Casselman, Economics Reporter, The New York Times
Panelist
Scott Winship, Senior Fellow & Director, Center for Opportunity and Social Mobility, American Enterprise Institute
Panelist
Gary Hoover, Professor of Economics & Executive Director, Murphy Institute, Tulane University
Panelist
Natalie Madeira Cofield, Member Board of Directors, The Harbor Bank of Maryland and Co-Founder, Capital Ready Coalition
11:58 AM
Closing Remarks
Speaker
Kristen Broady, Senior Economist and Economic Advisor and Director of the Economic Mobility Project, Federal Reserve Bank of Chicago
Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2024. All rights reserved.

Please review our Privacy Policy | Legal Notices