Wealth Building Efforts beyond College and Owning a Home

Some advocate college or homeownership as the path to building wealth and leveling the financial playing field. In this video, economists and researchers from the St. Louis Fed’s Center for Household Financial Stability and the Federal Reserve Board discuss why these achievements alone may not be enough for closing wealth gaps.

Ray Boshara, a senior adviser and the director of the Center for Household Financial Stability, served as the moderator. Answering the question were:

• Angelyque Campbell, manager of policy analysis and communications for the Federal Reserve Board of Governors consumer and community affairs division
• William Emmons, lead economist for the center
• Lowell Ricketts, lead analyst for the center

• Dialogue with the Fed: Does College Level the Playing Field?
• On the Economy: What Should Be Done Differently to Address Wealth Inequality?
• On the Economy: An Even Wider Generational Wealth Gap?