About this event
The Peril of Benefits Cliffs: Annual Economic Update for Baltimore Regional Leadership Programs
7:30 -7:55 AM Arrival, networking
8:00 – 9:00 AM Program
9:05 – 9:30 AM Wrap with Q&A
This interactive presentation by the Federal Reserve Bank of Richmond, will focus on education through a human capital lens and discuss the benefits and barriers that students and young adults face when investing in their own skills. Adults already in the workforce, particularly low-income workers, face the additional challenge of “benefits cliffs” – despite acquiring additional skills and a higher salary, their income may end up being lower as they are no longer eligible for financial assistance such as child care subsidy and a portion of benefits from the Supplemental Nutrition Assistance Program or SNAP.
As part of their efforts to help address benefits cliffs, the Federal Reserve Bank of Richmond and the United Way of Central Maryland have partnered with the Atlanta Fed to use CLIFF tools, a suite of digital resources that showcase the loss of public assistance a worker might face with an increase in income, and the simultaneous gap in financial resources this causes. The CLIFF tools also facilitate the simulation of policy and programmatic solutions.
You will be one of the first in Maryland to see how these new tools and resources are being deployed and ask questions. Please join us!
Location: Federal Reserve Bank of Richmond, Baltimore Branch, 502 S. Sharp Street, Baltimore, 21201
Limited parking is available on a first-come, first-served basis and is accessed from 502 S. Sharp Street, near the Conway Street intersection
All guests must register and present ID to gain entry to the Federal Reserve Building.
Please note this is an in-person event only. We will pivot to virtual ONLY in the event of public health concerns. The program, including networking with continental breakfast, is outlined above.
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