The Urban Institute and the Federal Reserve Bank of St. Louis
Families have recovered less than two-thirds of the wealth lost during the Great Recession (in inflation- and population-adjusted terms), but also that the recovery has been especially challenging for younger, less-educated, and non-white families. Bringing together leading researchers and policy experts around household balance sheets, we discussed the latest trends in wealth accumulation, what’s driving these trends, and the most promising policies that could rebuild the wealth of those families hardest hit by the Recession.
I. Identifying the problem
This session discussed recent trends and changes in wealth accumulation and household balance sheets, as well as their impact on economic growth.
II. Current State of Knowledge
This session examined what’s driving differing levels of family balance sheet health. What do we know about why these patterns exist? What don’t we know?
III. Promising policy directions for wealth building across the life course
This session discussed promising policies for building wealth across the life course among low-wealth families.
IV. Identifying the 2-3 most promising policies for near-term implementation
This session facilitated a discussion to identify the two to three most promising policies to restore family wealth, as well potential strategies to advance them.