Build the Wealth: Economic Mobility in Latino Communities
On May 30th, a former member of the Federal Reserve’s Advisory Council will present a vision for an economy that is more inclusive for Latino Households and how collaboration, impact investing, and social innovation can take us there. Nationally, Latino households hold 60 times less wealth than White households and the gap is only growing. In fact, by 2073, Latino households will have a median wealth (assets minus debts) of $0.Intentional and dramatic action will be required to reverse the trend and create new access to opportunity for Latino households. NALCAB (National Association for Latino Community Asset Builders) was formed in 2002 to build assets for Latino families, communities, and organizations, advancing economic mobility for low and moderate income people. Operating multiple programs and strategies to unlock new opportunities, NALCAB now includes more than 100 organizations operating across more than 40 states. NALCAB is an active impact investor and maintains multiple, mission-driven funds as part of its operations.On Thursday, May 30th, Noel Poyo will share on the economic challenges and opportunities he sees ahead for Latino households and closing the wealth gap. Noel is the Executive Director for NALCAB, as well as CEO for its subsidiary asset management company, and a former member of the Federal Reserve’s Advisory Council.
369 West Jefferson Boulevard
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