Final Event in Demographics of Wealth Series Is Tomorrow Night

ST. LOUIS ― The Center for Household Financial Stability (HFS) at the Federal Reserve Bank of St. Louis will host a final event in the Demographics of Wealth series for 2015.

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

With race, education and age increasingly becoming determining factors between “thrivers” and “strugglers,” a new economic reality is emerging in the United States. HFS 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. The essays 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 key findings and policy implications from one of the essays’ co-authors, William Emmons, and Ray Boshara, director of HFS. Additionally, a panel discussion will be hosted with local community members, including:

• Rich McClure, co-chair of the Ferguson Commission and  former president of UniGroup Inc.;
• Faith Sandler, executive director of  The Scholarship Foundation of St. Louis; and
• Jonathan Smith, professor of African American Studies and special assistant to the president for diversity and community engagement at Saint Louis University.

Media are asked to register with Laura Taylor at 314-444-8783 or laura.taylor@stls.frb.org.