[Federal Reserve of New York] Debt: When it Helps, When it Hurts, What it Could Do to Build Household Wealth
On Thursday, June 9, the Federal Reserve Bank of New York, the Federal Reserve Bank of St. Louis, and the Aspen Institute Financial Security Program hosted a hybrid event on the role of household debt in building wealth. The event featured contributors to the book, “The Future of Building Wealth,” and showcased research and solutions aimed at mitigating burdensome and wealth-depleting debt, while improving the use of wealth-building debt.
The event explored the role policymakers, philanthropists, and capital providers can play in improving access to capital as a tool to building long-term stability, including access to loans for higher education, starting a small business, or purchasing a home.
