6 p.m. - 8 p.m. | Tuesday, Feb. 5, 2013 - Welcome Reception and Dinner
8 a.m. - 8 p.m. | Wednesday, Feb. 6, 2013 - Symposium
8 a.m. - 2 p.m. | Thursday, Feb. 7, 2013 - Symposium
America’s economic engine—its household sector—is sputtering. The common underlying vulnerability is widespread household financial instability: the inability of millions of Americans to meet their financial obligations, qualify for new credit, or play their traditional roles as consumers and homebuyers driving economic growth. This household financial instability was affirmed by the recently released Survey of Consumer Finances of the Federal Reserve, which showed that, overall, the median net worth of American households declined nearly 40 percent between 2007 and 2010. Particularly hard hit were younger, non-white and non-college-educated households.
Through commissioned papers, keynote speeches and a competitive call for papers, this symposium will highlight the critical role of household balance sheets in restoring household financial stability and national economic growth. Keynote speakers will include Michael Barr, former assistant secretary for financial institutions at the Treasury Department and current professor at the University of Michigan Law School; Christopher Carroll, professor of economics at Johns Hopkins University; and Federal Reserve Governor Jeremy Stein.
Sessions will explore:
This event is free; however, registration is required by Tuesday, Jan. 29, as space is limited.
Sponsored by the Center for Household Financial Stability and Research Department of the Federal Reserve Bank of St. Louis, along with the Center for Social Development at Washington University in St. Louis.
