The Demographics of Wealth

Registration for this event is now closed.

Date:  Tuesday, Nov. 3, 2015
Time:
4:30-6:30 p.m.
Location:
Il Monastero
Saint Louis University
3050 Olive St.
St. Louis, MO 63103 (map it)

A new economic reality is emerging in the United States between "thrivers" and "strugglers," with race, education and age increasingly becoming determining factors between the two groups. The Center for Household Financial Stability at the Federal Reserve Bank of St. Louis has published a three-part series of essays, "The Demographics of Wealth: How Age, Education and Race Separate Thrivers from Strugglers in Today's Economy." The essays are the result of an analysis of data collected between 1989 and 2013 through the Federal Reserve's Survey of Consumer Finances, including interviews with more than 40,000 heads of households during that time period. They examine how a family's race or ethnicity, educational attainment and age are related to its ability to accumulate wealth and thrive financially.

At this event, you'll hear detailed information about the key findings and policy implications from the essays' co-authors, Ray Boshara and Bill Emmons. Additionally, there will be a panel discussion with local community stakeholders, including:

  • Rich McClure, Co-Chair, The Ferguson Commission; Former President, UniGroup, Inc.
  • Faith Sandler, Executive Director, The Scholarship Foundation of St. Louis
  • Jonathan Smith, Professor of African-American Studies and Special Assistant to the President for Diversity and Community Engagement, Saint Louis University

This event is free; however, registration is required by Wednesday, Oct. 28, as space is limited. Appetizers and refreshments will be provided.

For more information, please contact Mike Eggleston at 314-444-8610 or email michael.c.eggleston@stls.frb.org.