Source: Microsoft Office Clip Art
The news is out – many Americans are living on the financial edge. Last week, Justin blogged about how Bankrate’s June Financial Security Index poll found that one in four Americans has no emergency savings. Last month, the Today show featured new research showing that nearly half of Americans are financially fragile, meaning that they probably or certainly would not be able to cope with an emergency that costs $2,000. While this problem affects people from all income levels, it is most severe among low- and moderate-income households.
On Wednesday, we’re hosting an event on Capitol Hill in conjunction with the Center for Financial Security at the University of Wisconsin and the Congressional Savings and Ownership Caucus to talk more about the everyday savings and credit needs of lower-income households. We’ll learn more about how lower-income families make ends meet and explore whether there is a role for government policymakers to support families that seek financial stability. Keynote speaker, Governor Sarah Bloom Raskin of the Federal Reserve Board of Governors will cap the event with her perspective on economic inclusion, and its importance for our nation's economic health. There’s more information on the speakers and agenda on the event page.
Rebuilding the Road to Financial Stability
June 29, 2011 - 9:15am
U.S. Capitol Visitors Center (South Congressional Meeting Room - CVC 217)
Constitution Ave and First St, NE