Debt: When it Helps, When it Hurts, What it Could Do to Build Household Wealth – FEDERAL RESERVE BANK of NEW YORK – Federal Reserve Bank of New York



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 will host a hybrid event on the role of household debt in building wealth. The event will feature contributors to the book, “The Future of Building Wealth,” and will showcase research and solutions aimed at mitigating burdensome and wealth-depleting debt, while improving the use of wealth-building debt.

The event will explore 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.

Event Details

Date & Time
June 9, 2022
2:00pm – 4:30pm EDT (Reception to follow)

Federal Reserve Bank of New York
33 Liberty Street
New York, NY


This hybrid event is open to the public and media. Registration for attending either in-person or virtually is available through the registration link. All remarks are on the record and the event will be livestreamed with a recording to be made available afterwards. For media inquiries, please contact Ellen Simon at [email protected]



9:15am-9:30am Opening Remarks

John C. Williams, President and Chief Executive Officer of the Federal Reserve Bank of New York

9:30am-12:00pm Session 1: Unequal Effects of Climate Change

Chair: Charles Taylor

9:30am-10:15am Surge of Inequality: How Different Neighborhoods React to Flooding

Ana Varela Varela

10:15am-11:00am Within City Disparate Temperature Effects Of Climate Change

Clara Berestycki

Wolfram Schlenker

11:00am-11:15am Break
11:15am-12:00pm Unintended Consequences of “Mandatory” Flood Insurance

Kristian Blickle

Joao Santos

12:00pm-1:00pm Lunch
1:00pm-2:00pm Keynote

Ben Harris, Assistant Secretary for Economic Policy

2:30pm-5:00pm Economic and Financial Stability under a Changing Climate</…….


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