Senator de Leon: 'It's Very Expensive to Be Poor'

  • 9 years ago
Senator de Leon: 'It's Very Expensive to Be Poor'
National Journal - The Julia Morgan Ballroom
According to a recent U.S. Census Bureau report, the United States will not have a clear racial or ethnic majority by 2043. America's deepening diversity has huge implications for the country's economy, and is creating challenges and opportunities for the nation's financial system as it works to increase minority access to the financial mainstream.

San Francisco, California-a hub of technological innovation-is one of the many U.S. communities experiencing extraordinary population growth. However, experts say that the recession has hindered its residents' ability to accumulate wealth, and asserts that increased financial literacy, financial services innovation and improved access to credit and capital are fundamental to growing the region's economy.

Join National Journal in San Francisco for a Next America summit, underwritten by MasterCard, as we convene local opinion leaders for a robust discussion about minority economic empowerment and financial inclusion. We will explore questions such as: How can the country close its widening wealth gap? What investments and innovations are working to improve minority access to key monetary services? What is the government's role in moving the country's underserved populations into the financial mainstream? And what lessons can be learned from recent demographic developments in San Francisco?