The Center for Household Financial Stability at the Federal Reserve Bank of St. Louis and the Private Debt Project of the Governor’s Woods Foundation in cooperation with The Century Foundation are pleased to present a panel discussion on “America’s Debt Problem: How Too Much Private Debt is Hurting U.S. Households and Holding Back the U.S. Economy” featuring:

  • Meta Brown, Federal Reserve Bank of New York
  • Barry Z. Cynamon, Center for Household Financial Stability
  • William Emmons, Center for Household Financial Stability
  • Robert Hockett, Cornell Law School and The Century Foundation

For many households in America, debt has reached a tipping point. Debt has gone from being a positive contribution to household financial well-being to a threat to household financial stability. And what is true for many households has also become true for the economy as a whole. Please join us for a discussion of the problem of household debt, how it interacts with the income and asset side of the household balance sheet, and what effects it has on household financial stability and the economy as a whole.

This event is sponsored by: 

Private Debt Project, an initiative of the Governor’s Woods Foundation committed to expanding the study of the relationship between private debt, economic growth, and financial stability.

Center for Household Financial Stability, launched by the Federal Reserve Bank of St. Louis in May 2013 to research and strengthen the balance sheets of struggling American families.

The Century Foundation (TCF), founded in 1919 by the progressive businessman Edward A. Filene, is a nonprofit public policy research institution committed to the belief that a mix of effective government, open democracy, and free markets is the most effective solution to the challenges facing the United States.