St. Louis Fed Hosts: A Growing Economic Divide - And What to Do About It

ST. LOUIS  ― How is it that so many people are struggling financially despite a growing economy, higher living standards, and a rising stock market? Federal Reserve Chairman Jerome Powell said that the economy is in a "good place" but warned that inequality is the nation's biggest challenge over the next decade.  

Research from the Center for Household Financial Stability at the St. Louis Fed shows that one's age, race and education are fueling an economic divide in the U.S. 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.

Join us to learn more about these issues at Thrivers vs. Strugglers: A Growing Economic Divide – And What to Do About It, an event hosted by the St. Louis Fed. 

Speakers:

• Oren Cass, Author, The Once and Future Worker

• William Emmons, assistant vice president and economist at the Federal Reserve Bank of St. Louis and the senior economic adviser for the Bank’s Center for Household Financial Stability.

• Lindsey Baker, Missouri Budget Project

• Valerie Patton, The St. Louis Regional Chamber

Media interested in attending must contact Matuschka Lindo Briggs at 314-444-3795 or Matuschka.L.Briggs@stls.frb.org.