Katherine Lucas McKay

Associate Director, Insights and Evidence, Financial Security Program

Katherine Lucas McKay is an Associate Director at the Aspen Institute Financial Security Program, where they lead research on topics including net worth, consumer debt and student loans, inclusive savings and ownership strategies, and housing stability. Katherine was previously the Associate Director of Government Affairs at Prosperity Now, where they led the organization’s policy work on homeownership, entrepreneurship, and consumer financial protection. They have also held positions at the National Community Reinvestment Coalition and Georgetown University. 

Katherine holds a Master’s degree in Public Policy and Management from Carnegie Mellon University’s Heinz School of Public Policy and Information Systems and a BA from Wellesley College. They serve on the Silver Spring Citizens Advisory Board of Montgomery County, Maryland, which they chaired from September 2022 to June 2024. Katherine’s work has been featured in the New York Times, Washington Post, Vox, CNN, CNBC, Greater Greater Washington, and other media outlets.

Authored by Katherine:

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Publications

Families Need Wealth. But How Much Is Essential?

Attaining a baseline of security, mobility, and well-being requires wealth. But exactly how much is needed? This brief aims to offer a path toward greater empirical understanding of what constitutes essential wealth and how to measure it.

Publications

Wealth Building at Work: How Canary’s Emergency Relief Fund Helps Workers Maintain Assets and Avoid Debt

Aspen FSP partnered with Canary, a provider of employee emergency relief funds, to explore how workers used this workplace offering when faced with financial emergencies, as well as how it impacted their financial security and experiences at work.

Publications

Investing in Inclusively Owned Commercial Real Estate

This primer examines the potential of inclusively owned CRE to propel equitable economic development and community wealth-building.

Publications

Who Benefited Most from Pandemic-Era Wealth Gains? People Who Already Owned Assets

Households achieved historically large net worth growth from 2019-2022. But Aspen FSP’s analysis suggests these gains may not be sustainable.

Publications

Insurance Against Financial Shocks: The Next Frontier of Financial Inclusion

Learn about the opportunities for increasing the number of Americans who can benefit from insurance coverage when dealing with financial shocks.