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Thrivers vs. Strugglers: A Growing Economic Divide and
What To Do about It

Registration for this event is closed.

Date:  Thursday, May 23, 2019
Times:  Registration and opening reception: 3:15 p.m.
Presentations and panel discussion: 4–6 p.m.
Location: Federal Reserve Bank of St. Louis
One Federal Reserve Bank Plaza
Broadway and Locust Streets
St. Louis, Mo. 63102 (map it)

How is it that so many people are struggling financially despite economic growth, rising material living standards, and now a booming economy and stock market—as if we have two economies, not one? Federal Reserve Chairman Jerome Powell observed this recently when he remarked that the economy is in a "good place" but warned that income inequality is one of the nation's biggest challenges over the next decade.

The Center for Household Financial Stability at the St. Louis Fed has found this as well, reporting that, in general, older, better educated and white Americans have been "thriving," while younger, less educated and nonwhite Americans are "struggling." Even as cyclical trends in this tight labor market produce impressive gains for lower-wage workers, the long-term secular trend still points toward further divergence between those getting ahead and those falling behind.

William R. Emmons, lead economist at the center, will discuss strugglers and "thrivers." Author Oren Cass, who offered an original, provocative and ideologically diverse response to the growing economic divide in his book "The Once and Future Worker," will give a presentation. Cass will join a panel of business, academic and nonprofit leaders to discuss critical issues and questions.

The first 100 people to register for the event will receive free copies of "The Once and Future Worker," which Cass will be available to sign at the reception and after the discussion.

Space and complimentary books are limited, so early registration is highly recommended. Please sign up by May 16. For more information, please contact Ray Boshara at 314-444-8747 or ray.j.boshara@stls.frb.org.