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The Impact of COVID-19 on the Racial, Gender and Generational Wealth Gaps

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From the Social Policy Institute at Washington University:

A panel discussion about the impact of COVID-19 on wealth across race, gender and generations, including new data and findings.

About this Event

As a nation, we’ve made little progress over the last generation in narrowing wealth gaps; in some cases, the gaps have increased. A person’s race, gender, and year of birth (or generation) continue to strongly predict income and wealth outcomes. And COVID-19 is poised to make it even harder for families to recover, let alone get ahead; indeed, many struggling families have yet to financially recover from Great Recession. Though wealth can, if you have it, provide resiliency during hardship, for households already with lower levels of wealth, moments of crisis—such as the pandemic—may intensify their financial fragility.

Join the Social Policy Institute at Washington University in St. Louis and Center for Household Financial Stability at the Federal Reserve Bank of St. Louis from 12:00 to 1:30 p.m. on June 25, 2020 to better understand the likely impacts COVID-19 on the racial, gender and generational wealth gaps, and some possible responses to those gaps.

Erika Wright, vice president of global philanthropy at JP Morgan Chase, will moderate a panel discussion with national financial wealth experts, Darrick Hamilton, Fenaba Addo, and Ana Hernández-Kent. The dynamic conversation will focus on wealth outcomes across race, gender and generations. Additionally, the Social Policy Institute and Center for Household Financial Stability will debut new, original data related to the impact of COVID-19 and household financial security.

Join us to learn about large disparities in family wealth, and how policymakers and others can help restore and build family wealth, resilience and upward economic mobility.

After the panel discussion, attendees have an option to stay for a 30-minute deep dive with researchers from SPI and the Center for Household Financial Stability.

Speakers

Ray Boshara is the director of the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis; and senior fellow, the Financial Security Program at The Aspen Institute

Michal Grinstein-Weiss is the director of the Social Policy Institute at Washington University in St. Louis

Ericka Wright is the vice president of global philanthropy at JPMorgan Chase & Co.

Darrick Hamilton is the executive director of the Kirwan Institute for the Study of Race and Ethnicity at The Ohio State University

Ana Hernández Kentis a policy analyst for the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis

Fenaba Addo, is an associate professor of consumer science at the School of Human Ecology at University of Wisconsin-Madison

Full speaker bios are available here.

 

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