Doors open at 6:30 PM; event begins at 7:00 PM.
Thrivers and Strugglers: How Race, Age, and Education are Fueling an Economic Divide in America
Why are about one in four American households called “thrivers," while about three in four are called "strugglers?" And why is it that a child who "chooses" to be born to white, well-educated parents in an affluent neighborhood is far more likely to achieve financial security than one who "chooses" a single parent of color living in a low-income area? Moreover, families themselves do not choose the very things that predict their wealth, just as children do not choose their parents. Of course, families work hard and many struggling parents do their best to help their children succeed, but seem to increasingly face “headwinds” that can stack the odds against them. According to recent Fed data, your age/year of birth, education, race/ethnicity and even your parents' education increasingly predict how much wealth and financial security you’re likely to achieve over a lifetime. Other data show that gender and family structure predict wealth, too. How powerful are these predictors or “sorting mechanisms” in the U.S. today, what’s driving them, and what can communities, foundations, policymakers and others do to expand wealth and opportunity for struggling Americans? Learn about all this and specific strategies that, data show, could help address these inequalities and create more opportunities for struggling families and children in the U.S.
Speaker: Ana Hernández Kent
Ana Hernández Kent is a policy analyst for the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis. She conducts primary and secondary research and data analysis on household balance sheet issues. Her primary research interests at the Fed include economic disparities and opportunity, wealth outcomes, class and racial biases, and the role of psychological factors in making financial decisions.
Kent is pursuing her Ph.D. in experimental psychology with concentrations in social psychology and quantitative methods in behavioral sciences from Saint Louis University. Kent received her Master of Science in experimental psychology from Saint Louis University and her bachelor’s degree in psychology from the University of Notre Dame.
*Ana Hernández Kent will speak in place of Ray Boshara.