4 Opportunities for Closing the Wealth Gap
(by Lee Davenport and Sean Luechtefeld, CFED)
Last month, the Federal Reserve Banks of New York and San Francisco, along with CFED and Citi Foundation, convened a diverse range of national and regional leaders in New York to discuss a new book, What It’s Worth: Strengthening the Financial Future of Communities, Families and the Nation. Launched in December, the book was designed to raise up promising strategies for increasing the financial well-being of households and communities. Together, more than 80 nonprofit leaders, educators, researchers, philanthropists and other community development experts came together to discuss one guiding, provocative question: What is the strongest lever we can push to close the wealth gap in New York and across the nation?