Racism and the Economy: Focus on the Wealth Divide
The ninth installment of our virtual event series focuses on how racialized barriers to wealth accumulation deny families and communities long-term economic mobility and financial resiliency. Wealth is usually defined as the value of one’s assets minus debt, and it serves as a critical component of economic opportunity in the United States. Opening speakers will examine past and present structures and institutions that contribute to persistent wealth disparities. A panel of practitioners, scholars, and community leaders will propose and discuss bold strategies to finally reverse these trends. The Federal Reserve has long studied wealth disparities because equal access to wealth is so important to achieving full employment and an inclusive economy.