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Georgia Tech Financial Services Innovation Lab and Federal Reserve Bank of Atlanta Host 2025 Household Finance Conference

The third annual Household Finance Conference featured discussions about macroeconomic trends, household balance sheets, and financial inclusion. Experts in industry and academia shared research and insights about the future of finance.
Three men and one woman at the 2025 Household Finance Conference

Raphael Bostic, president and CEO at Federal Reserve Bank of Atlanta; Susan Cherry, Stanford Ph.D. student and winner of the Georgia Tech Financial Services Innovation Lab Young Scholar Award; Anuj Mehrotra, dean at the Scheller College of Business; and Sudheer Chava, professor of Finance at the Scheller College of Business

The Georgia Tech Scheller College of Business' Financial Services Innovation Lab and the Federal Reserve Bank of Atlanta hosted the third annual Household Finance Conference.

The event brought together academic researchers, regulators, and industry experts to discuss critical topics in household finance. The two-day conference featured academic sessions, keynote addresses, and fireside chats, focusing on the macroeconomic landscape, issues impacting household balance sheets, and the challenges and opportunities of increasing financial inclusion.

Sudheer Chava

Sudheer Chava, Alton M. Costley Chair Professor of Finance and Director of the Financial Services Innovation Lab, Center for Finance and Technology and MS in Quantitative and Computational Finance program, said “The topics discussed at the conference are especially timely given the current macroeconomic environment, as many households continue to grapple with high inflation, economic shocks, and heightened policy uncertainty."

Academic Conversations and Professional Networking

The Household Finance Conference’s collegial atmosphere encouraged academic dialogue and networking. Scheller College of Business Finance Ph.D. student Sunhyuk Lee and postdoctoral fellow Bo Li discovered insights that will help them refine their research now and gain a broader vision for the scope of their research in the future. 

Perhaps most importantly, they both made professional connections that can be fostered throughout their academic careers.

“At the conference, I engaged with various professionals, including academic researchers, Fed economists, and industry experts,” said Lee. “I connected with Janneke Ratcliffe from the Urban Institute, whose reports have greatly aided my projects, and shared insights from my research. I also spoke with a data scientist from Equifax, gaining fresh perspectives and ideas for my work. These interactions expanded my network and enhanced my understanding of my research's broader impact.”

“Attending this focused conference greatly benefitted my research by showcasing the latest topics and debates,” said Li. “The policy panel on ‘The Future Direction of Housing Finance Policy in the U.S.’ highlighted the potential privatization of Fannie Mae and Freddie Mac, which could significantly impact the U.S. housing market, given their 40 to 50% market share.”

A Special Session of Tech Talks Business

Mark Begor and Anuj Mehrotra

Mark Begor, CEO of Equifax, and Dean Anuj Mehrotra

Thursday concluded with a special edition of Tech Talks Business featuring Mark Begor, CEO of Equifax. Begor discussed the impact of rising mortgage rates, financial inclusion through alternative data, and the future role of AI in credit.

Begor, who led Equifax through a cybersecurity crisis in 2017, emphasized the company's focus on innovation and resilience. Equifax's commitment to data analytics and new products ensures the Fortune 500 company remains a trusted partner.

Timely Insights at the Federal Reserve Bank

The conference gathered at the Federal Reserve Bank of Atlanta for the second day. Three graduating Ph.D. candidates from Stanford, UT Austin, and Rochester presented their job market papers in a Young Scholars session. 

A keynote address followed, presented by distinguished MIT Professor Jonathan Parker. His illuminating remarks touched on how Target-Date retirement funds have reshaped US equity and bond markets and unveiled a new life-cycle-based machine learning model for customizing index funds to deliver up to 3% increased retirement wealth for hardworking Americans.

Following several more paper sessions focused on inequality, monetary policy, and mortgages, the conference concluded with a panel moderated by Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta.

Professor Sharada Sridhar

“It was a wide-ranging conversation,” Sharada Sridhar, assistant professor of Finance at the Scheller College of Business shared, “discussing both the history and the future of government GSEs Freddie Mac and Fannie Mae, with special consideration on their efficiencies, the pros and cons of re-privatizing these institutions, and the importance of housing for persistent American household wealth going forward.”

The 2025 Household Finance Conference was a platform for meaningful discussions and professional growth, fostering connections and insights that will shape the future of household finance.

The conference received more than 250 submissions, with 13 papers selected for the final program. The organizing committee for the Household Finance Conference included Sudheer Chava, Manasa Gopal, Joe Hall, Bo Li, and Sharada Sridhar from the Georgia Tech Financial Services Innovation Lab and Kris Gerardi and Mark Jensen from the Federal Reserve Bank of Atlanta.

About Georgia Tech's Financial Services Innovation Lab

Georgia Tech's Financial Services Innovation Lab, housed in the Scheller College of Business, is a leading hub for finance education, research, and industry collaboration in the Southeast. Directed by Dr. Sudheer Chava, Alton M. Costley chair and professor of Finance, the Georgia Tech Fintech Lab fosters experiential learning for students across all levels and sponsors cutting-edge projects in Machine Learning (ML), Natural Language Processing (NLP), and Equity Research, alongside vibrant student clubs.

With a focus on advancing responsible finance through AI innovations, the Lab collaborates with industry giants like Equifax and FiServ to address critical issues in credit access and the impact of economic shock on consumers and small businesses. Researchers at the FinTech Lab are renowned for their extensive publications and presentations at top finance conferences, driving impactful advancements in finance academia.

 

Learn More: Household Finance Conference

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