Stories

On November 15, 2022, the JPMorgan Chase Institute and PolicyCenter held the first ever joint Data Dialogue on The State of Household Finances and Policy Priorities for an Inclusive Economy. The virtual event consisted of two panels of experts—the first group assessed current macroeconomic trends while the second discussed policy implications nearly three years into the COVID-19 pandemic.

video poster alt

2:12:50

 

Panel One: The State of Household Finances

Our first panel was moderated by JPMorgan Chase Institute President Chris Wheat and focused on how different segments of consumers are faring given record high inflation, rising interest rates, and the end of nearly all pandemic-era financial assistance programs. Recent JPMorgan Chase Institute research found that the purchasing power of incomes stagnated last year and was deteriorating as of mid-2022.  Additionally, the Institute’s most recent JPMC Household Pulse through June 2022 showed that while balances for most families increased during the pandemic, roughly one-third of our sample experienced a balance decrease of at least ten percent, with the lowest income quartile the most likely to see such declines.

Speakers

Betsey Stevenson

Betsey Stevenson

Professor of Economic and Public Policy University of Michigan

Natalie Evans Harris

Natalie Evans Harris

Executive Director Black Wealth Data Center

Wendy Edelberg

Wendy Edelberg

Director The Hamilton Project

Panel Two: Policy Priorities for an Inclusive Economy

The second panel, moderated by JPMorgan Chase PolicyCenter President Parag Mehta, built on the economic context of the first panel by exploring policy implications of the current environment, including  the potential impact of rising interest rates on homeownership for communities of color, the possibility of bipartisan agreement on the Child Tax Credit (CTC), and economic equity more broadly. Earlier that day, the JPMC Institute released a new report using transaction-level data to estimate the impact of CTC payments on spending and highlight potential implications of the temporarily expanded program for further consideration.

Speakers

Demond Drummer

Demond Drummer

Managing Director, Equitable Economy, PolicyLink

Sharon Parrott

Sharon Parrott

President Center on Budget and Policy

Scott Winship

Scott Winship

Director of Poverty Studies American Enterprise Institute

" class="hidden">宣城赶集网