During the past five years, the disconnect between the strength of the U.S. economy and the financial security of households has grown. During 2020, it’s more clear than ever that household financial security is both a pre-requisite and a driver of economic recovery. If we don’t have resilient households, we cannot achieve recovery.
Financial insecurity is the product of many failing systems across the public, private and nonprofit sectors. And yet, these systems must work together for people and communities to achieve short-term stability and long-term wealth generation.
The Aspen Institute Financial Security Program has, for five years, tracked the challenges that face American households, and we have a vision for what business, government, philanthropic leaders must do for the next five.
n November 18, at 1:00 pm we shared:
- A synthesis of the macro- and micro-economic trends that households have faced that have led us to today
- What old models of financial security get wrong – and a new framework to guide a more comprehensive approach
- A road map for business leaders, policymakers, and philanthropy for the next five years that will address the core economic and policy system failures let down the majority of U.S. households.
Attendees received a copy of, “The State of Financial Security 2020.” The report offers a vision for leaders across government, business, and philanthropy to understand their role in rebuilding an economy which centers on household financial well-being.
The Aspen Institute Financial Security Program’s Financial Security 2020 project is made possible with support from the Citi Foundation.
Wole C. Coaxum, Founder and Chief Executive Officer of Mobility Capital Finance, Inc. (“MoCaFi”)
Jason J. Fichtner, Senior Lecturer and an Associate Director of the Master of International Economics and Finance (MIEF) program, Johns Hopkins School of Advanced International Studies
Brandee McHale, Head of Citi Community Investing and Development, President of the Citi Foundation
Genevieve Melford, Director of Insights and Evidence, Aspen Institute Financial Security Program
Alejandra Montoya-Boyer, Associate Program Director, Resilient Economies and Communities
Ida Rademacher, Vice President, Aspen Institute and Executive Director, Aspen Institute Financial Security Program
Claudia Sahm, Founder, Stay-at-Home Macro Consulting and former Federal Reserve economist
Joanna Smith-Ramani, Managing Director, Aspen Institute Financial Security Program
Danielle Kristine Toussaint, Morgridge Communicator in Residence, Ascend at Aspen Institute